Steve Jobs will be taking a leave of absence from his responsibilities as CEO of Apple, the computer giant, in order to focus more time on his health. Monday’s announcement comes as a surprise to many, but especially to investors in Apple, as Alexander Peterc, an equity analyst at Exane explained.
“It wasn’t expected. This will come as a surprise to Apple investors and definitely take some shine off the Apple stock.”
It is almost exactly two years since Steve Jobs’ announcement that he was taking a 6 month break in order to have a liver transplant.
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Daniel Ernst, analyst for Hudson Square Research speculated that “This time around you have to question his ability to bounce back.”
Jobs himself said in an email to Apple employees: “I have great confidence that Tim (Cook, COO of Apple) 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.