Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Attention Turns to Apple Leadership as Jobs Goes on Medical Leave

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

In the wake of Apple's (Nasdaq: AAPL  ) disclosure that CEO Steve Jobs will go on an undefined medical leave, speculation has turned to what his absence will mean for the company and how Apple's leadership team will handle Jobs' second medical leave in two years.

In a brief email he sent to employees, Jobs said he will take the absence so he can focus on his health, and that he will continue to be involved in the company's major strategic decisions. Jobs took a leave of absence in the first half of 2009 and received a liver transplant. He returned in late June of 2009. Apple COO Tim Cook will assume day-to-day control of the company's operations, just as he did in 2009.

Analysts and observers are divided on what the medical leave will mean to Apple's fortunes. Many described Jobs as a singular force within the company, which he co-founded in 1976 and has led to a stunning revival -- based on the success of the iPod, iPhone and iPad -- since he returned to helm the company in 1997.

"The person who can keep the trains running on time is a scarce commodity, but not as rare as someone who can do breakthrough innovation," Michael Useem, a professor at the Wharton School of Business at the University of Pennsylvania, told the New York Times.

Despite the speculation about the undefined nature of the new medical leave, many are optimistic that Apple will continue to remain a market leader. When Cook took over, he kept the company on track with plans for the iPad tablet and iPhone 4. Additionally, much of the product planning and execution for 2011 is likely already well underway at Apple. Cook also is backstopped by a strong management team, including Jonathan Ive, Apple's senior vice president for industrial design, and Phil Schiller, Apple's marketing chief.

"If there is an impact on Apple's competitive position and openings for competitors, it's something that plays out in that kind of three- to five-year timeframe," Forrester analyst Charles Golvin told Bloomberg.

This article originally published here. Get your wireless industry briefing here.

Related Articles:

Apple is a Motley Fool Stock Advisor selection. The Fool has written puts on Apple. The Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1424437, ~/Articles/ArticleHandler.aspx, 10/27/2016 9:25:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,199.33 30.06 0.00%
S&P 500 2,139.43 -3.73 0.00%
NASD 5,250.27 -33.13 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/26/2016 4:00 PM
AAPL $115.59 Down -2.66 +0.00%
Apple CAPS Rating: ****