Steve Jobs Announces He’s Taking Medical Leave

January 18, 2011

(ChattahBox U.S. News)—Apple CEO Steven Jobs, who has battled pancreatic cancer and a liver transplant, announced yesterday that he will take a medical leave of absence, with no indication of when he plans to return to the company he built, the New York Times reports. Jobs turned the company’s day-to-day operations over to Apple’s chief operating officer Timothy Cook, who previously filled in when Jobs took leave in 2009 for his liver transplant.

Jobs has not made clear the medical condition that prompted his most recent announcement, although he has reportedly appeared frail in recent weeks and has only been coming in to the Apple office about twice a week, the Times notes. Jobs, known for his meticulous attention to detail and perfection, is largely viewed as being vital to Apple’s success, and analysts worry that the company may falter without him handling the daily management.

Jobs’s leave may make investors particularly nervous because it comes at a time when Apple faces new competition, with the announcement that Google’s Android smartphone recently started to sell more units than Apple’s iPhone, the Times reports. In addition, the iPad is up against several new competitors in the tablet computer market.


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