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Steve Jobs has recently announced he will once again be taking a leave of absence from his daily duties as CEO of Apple due to medical reasons. This will be the second time that Steve has been granted a medical leave of absence by the board of directors of Apple and again turning over the day to day duties to Tim Cook. Tim Cook gladly stepped in to assist Steve during his first medical leave of absence and has been asked to so once again.
Steve stated in a letter to his team, “I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011″.
Steve will remain CEO of Apple and will be involved in major strategic decisions for the company, as he always has been. The health of Steve Jobs was once a concern for investors and all the world for that matter when he first took a leave in the earlier part of 2009 due to a what was eventually revealed to be a liver transplant. Apple, Apple investors, board members and all of Steve’s team is hoping that what ever the medical condition may be this time that he recovers quickly and returns to the Apple family that needs him.
The Apple iPhone and iPad
sales certainly raised the value of Apple stock, making it the second most valuable company in the world. Apple’s shares are trading at up to $300 a share and that is expected to continue even minus one of Apple’s strongest players, Steve Jobs. Only the reaction from Wall Street on the news of Steve Jobs taking a leave of absence will determine just how well Apple will be doing in months to come. It is definite that Apple has a lot of consumer products in the works and with the brilliant minds that stand behind the Apple name, consumers can expect the same quality of products as Apple has always delivered.
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