The CEO of Apple; Steve Jobs is set to take medical leave after he was diagnosed with a form of cancer. The CEO of the company has been running Apple for a number of years and has recently survived a rare pancreatic cancer. He is now set to take some time out from the company in order to aid this recovery from the disease.
The news that the CEO was actually taking time out from the company was done today, on a US public holiday which is thought to have been in order to stop share prices for the company form falling. The trading price of Apple in Frankfurt on Monday in after-hours actually fell by around $22 which is around 9% of the value of the company. Steve Jobs took a similar leave a couple of years ago and after which, the share price for Apple fell by around 10% on the US stock market.
It is unknown how long Steve Jobs will actually take leave for but whilst he is away, Tim Cook is expected to take over the day to day running of the company and this has caused major concerns for investors. Apple executives have not provided any information as to the reasons or the length of absence that Steve Jobs is expecting from Apple but it is thought that it could be quite some time. Tim Cook has been with the company for a number of years and it is expected to do just fine.
Check Out These Too:
- Apple could use 3D holographic display on iPhone 5 Over the last few years, we have received word of a variety of new patents that have been granted for Apple and this certainly spells exciting things for the company.…
- HTC Vs. Apple Updates Okay, so today we're going to sit back from all the posts regarding Steve Jobs and get back to business. Anyway, Apple is back in business and its operations have…
- Apples Tim Cook Paid $59.1 Million Apple is one of the largest companies in the world and most of the people around the world have heard of the CEO of the company; Steve Jobs. However, last…
- Apple Top Designer Wants to Move to UK Apple are well known for their fantastic looking products that have completely revolutionised the industry and now, the top designer for the company is thinking of moving back to the…
- Apple file patent for 3D technology Apple is very well known as a company that is often coming up with new and innovative products that are well ahead of many other manufacturers. They have done this…
- What Jobs Left Behind: Internet Integrated TV? Steve Jobs is dead. Steve Jobs maybe one of the greatest men in the world when he was still alive but he's gone, and there's nothing we can do to…
- Why China has not its own Steve Jobs While millions of Chinese fans of Apple have complained about the disappearance of Steve Jobs, some of them have posed the question: why China has not its own "Steve Jobs"?…
- Apple iPad and Tablets Set to Replace Laptops Apple is one of the most innovative companies out there in terms of electronic items and over the past few years, we have seen a lot of innovations from them.…
- Steve Jobs will Receive Grammy Award Today the Academy behind the Grammy Awards announced that they would be giving Steve Jobs a posthumous Grammy award for all of the good he did for the record industry…
- Apple Lashes out at Porn App Store There has been a lot of talk just recently in regards to Apples app store as the company actually believes that they have the sole right to use the app…
- Apple confirms the existence of X Snow Leopard OS In one of the world conference notes from researchers, although dominated by news about iPhone, Steve Jobs gave some information about Mac OS X: namely, that the next version of…
- Apple set to buy Netflix Apple already has a huge range of products under its belt and they offer some of the best products around at the moment. The iPhone and iPad are some of…
- Apple iPad 2 to Launch on January 19th There has been a lot of speculation over the recent months as to the release of the iPad 2 from Apple and it is now thought that the device could…
- Apple Supplier Shuts Down Because Of Environmental Issues Apple has had a lot of problems and issues encountered in the past. These include of course, the death of Steve Jobs, the numerous battles with different companies, as well…
- Apple Working to Develop Siri TV Apple has been in the process of developing their own television sets for quite a while now and it looks like Siri is going to play a part in them…
- HTC buys patents from Google to sue Apple Here are the latest Bloomberg report regarding patents war, we say that HTC sued APPLE last week after he bought more Google patents. Apple Inc. is a Silicon Valley…
- Privacy Panic: Facebook, Google and Apple Spy on… Privacy is always a concern while we spending our time on internet. The more products we use(such as Google, Facebook), the more data they collect about everything we do online—our…
- Apple Takes 30% of Top 10 Google Searches Each year near the end of the year Google announces the highest searched terms and most popular terms, this year Apple managed to score a large number of the highest…
- Could the Apple iPhone 5 be launched in September? The iPhone is one of the most successful phones of all time and it has completely revolutionised the mobile phone market. With the last addition of the iPhone from Apple;…
- Steve Jobs, the genius who revolutionized the IT industry Steve Jobs has revolutionized IT and entertainment industries and made our lives much easier by the many innovations that he introduced. Not always was the inventor of a new range…
- Steve Jobs And Education Okay, so I know I said in my post last Friday that that was the last of the posts about Steve Jobs, but with further reflection, five posts, even ten,…
- Apple Facing iPad Name Lawsuit Today Apple is facing a new kind of lawsuit, this one is specifically regarding the iPad name in China and many analysts say it might actually be a big deal.…
- Apple Shows their Strength with Cash Apple has always been known to continuously work and improve their income and revenue and today that is increasingly evident through their abundance of cash. According to most recent reports…
- 3 Great iPad Apps for Healthcare Managers Most people understand the impact mobile technology has on personal lives. From shopping to navigation to social networking, consumers are going mobile with their smartphones and iPads for just about…
- Apple Working to Shut Down Steve Jobs Doll Last week we told you about an upcoming Steve Jobs action figure that is incredibly lifelike, at the time Apple had not said or done anything about it but now…
- Tim Cook Taking Over One of the reasons why the whole world mourned because of the death of Steve Jobs, is not because they would miss him, but because a lot of people are…
- iPhone 4 Available from China Unicom Today For current users of the iPhone 4 in China, or those who live in the country and were thinking about getting one of the new devices, this could be great…
- Apple Loses Claim For The Term "Multi-touch" Apple is truly one of the most innovative companies in the world. It has brought technology to the world, and honestly I couldn't imagine the world if Steve Jobs wasn't…
- The best way to Repair Mistakes Seen Over the… The best way to Repair Mistakes Seen Over the Computer Startup company Course of action. - it will seem to be ridiculous that will I've truly composed a few guidance…
- October 16 Is Steve Jobs Day Okay, so for the final Steve Jobs post for this week's Steve Jobs special, is this news from California. California Governor Jerry Brown jsut announced that he is going to…
I wish him the best of luck in this. He has a tough road ahead.
If there is anything positive here, it is this: You can bet your bottom dollar that
Steve Jobs is doing the best he can to fight this thing and kill it.
He is a tech savvy individual who has all the money in the world.
I hope that, with his resources, he can find a cure for this.
He is a visionary and a true genius. We need him to stick around
and for a long time.
And for those who have negative comments, you should be ashamed.
Steve Jobs has shaken the computer industry and put some creativity
and innovation back. And that’s what users wanted.
And that man is now sick. So, let’s try to be civil and not barbarians.