Steve Jobs, Apple’s chief executive, will take indefinite leave because of undisclosed health problems, ceding day-to-day control to Tim Cook, the chief operating officer, while remaining involved in big decisions.
Apple’s founder broke the news to staff in a brief e-mail early on a US public holiday, limiting immediate stock market reaction. In Germany, Apple stock fell as much as 8 per cent.
In the e-mail, Mr Jobs said he hoped to be back “as soon as I can”. Mr Jobs had a liver transplant in 2009 during a six-month medical leave and his departure has raised concerns that his pancreatic cancer had returned.
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