The Sick Man of Apple

Steve Jobs is taking another medical leave:

Jobs will continue as CEO and be involved in major strategic decisions for the company, but has asked Chief Operating Officer Tim Cook to be responsible for all of Apple’s day-to-day operations, Jobs said in an an e-mail sent to Apple employees.

“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. I love Apple so much and hope to be back as soon as I can,” Jobs wrote.

Apple shares dropped 6 percent in trading in Frankfurt following the announcement.


During (before and after) Jobs’ last medical leave, Apple stayed inexcusably tightlipped about his condition. Given his importance to the company — and its share price, as noted in the last line above — will they do things differently this time around?

UPDATE: Business Insider isn’t confident that Jobs will be back at all.


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