Apple CEO Steve Jobs, 55, today sent the following email to all Apple employees:
At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.
I have asked Tim Cook to be responsible for all of Apple’s day to day operations. 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. In the meantime, my family and I would deeply appreciate respect for our privacy.
Source: Apple Inc.
The timing of the announcement seems designed to allow the markets time to absorb the news as major markets such as NASDAQ are closed today due to the Martin Luther King, Jr. Day.
Apple will announce fiscal year 2011 first quarter (Q111) financial results after market close on Tuesday, January 18, 2011. As usual, MacDailyNews will cover Apple’s conference call with analysts live, beginning at 2pm PST/5pm EST.
MacDailyNews Take: Get well, Steve!