Open

Coming up

Don't miss

Replay


LATEST SHOWS

ENCORE!

'All is Well' for Lisa Simone

Read more

BUSINESS DAILY

EU questions Apple's tax deals in Ireland

Read more

FOCUS

The Iraqi TV show where victims confront terrorists

Read more

REPORTERS

Video: Syrian student risks her life to film IS group stronghold

Read more

LIFESTYLES

Forgotten and fictional sports

Read more

DEBATE

Modi in America: India's Prime minister on triumphant US tour

Read more

DEBATE

Hong Kong protests: Pro-democracy movement gets global support

Read more

MEDIAWATCH

China censors Hong Kong protests on social media

Read more

THE INTERVIEW

Diane von Fürstenberg, Fashion designer

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)