Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Macron makes Time 100 as France revolts

Read more

THE DEBATE

Turkey's rush to the polls: Erdogan calls snap election to cement his power

Read more

THE POLITICAL BRIEF

France's Macron likens divisions within EU to 'civil war'

Read more

ENCORE!

Sting and Shaggy on making musical magic together

Read more

FOCUS

The citizens finding solutions to Lebanon's chronic waste crisis

Read more

THE INTERVIEW

Head of UN entity probing war crimes in Syria speaks to FRANCE 24

Read more

PEOPLE & PROFIT

The future of work: How the gig economy is changing the jobs market

Read more

PERSPECTIVE

'France has underinvested in early childhood education for many years'

Read more

IN THE PRESS

'Badass': Accolades pour in for Southwest pilot who landed plane after engine failure

Read more

Business

Apple CEO Steve Jobs takes new medical leave

Text by News Wires

Latest update : 2011-01-18

Apple CEO Steve Jobs announced Monday that he was taking a new leave of absence for health reasons, leaving daily operations to his chief operating officer, who has taken the helm twice since Jobs first fell ill in 2004.

AP - Apple Inc. founder and CEO Steve Jobs sent a note Monday to employees saying he’s taking a medical leave of absence so he can focus on his health.

He says he will continue as CEO and be involved in major decisions but has asked chief operating officer Tim Cook to be responsible for all day-to-day operations.
 
Jobs says he loves Apple and hopes to be back as soon as he can. He says he and his family would appreciate respect for their privacy.
 
Cook took the company reins when Jobs, a pancreatic cancer survivor, went on medical leave from January through June 2009.
 
It was Cook’s second stint leading Apple. Cook, who joined Apple in 1998, ran the Cupertino, California-based company for two months in 2004 while Jobs recovered from surgery for pancreatic cancer. His performance then won him the promotion to chief operating officer in 2005.
 
Analysts credit Cook with solving problems that Apple was having with inventory management. Many people consider Cook as Jobs’ logical successor.
 
Under Cook’s direction in 2009, the company kept cranking out well-received products including updated laptops with lower entry-level prices and a faster iPhone with many longed-for features. Apple sold more than a million of the new iPhone 3GS during its first three days on the market.

 

Date created : 2011-01-17

  • TECHNOLOGY

    Apple's Steve Jobs unveils 'iPhone 4'

    Read more

  • APPLE

    Steve Jobs makes case against Adobe Flash software

    Read more

COMMENT(S)