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  (Source: Christoph Dernbach/Flickr)
Jobs takes second medical leave of absence from Apple

Apple's Steve Jobs had a big 2010. He oversaw the launch of the iPad, iPhone 4, and popular new MacBook Air models. In more recent news, Apple's market cap surpassed the $300 billion USD mark.

Despite all the positive news on the company front, it appears that Jobs' health is once again the in spotlight. Jobs released the following statement today:


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.


Jobs last took a medical leave of absence in January 2009, and was successfully treated for pancreatic cancer. He received a liver transplant in early 2009 and was back at the helm of Apple in late June 2009.

We all here at DailyTech wish Jobs a speedy recovery.

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RE: Get Well Soon Steve-the-Genius
By TheDoc9 on 1/17/2011 10:55:58 AM , Rating: 5
Just like the rest of the magic that is apple, market cap is simply an illusion. It's so funny that the hype from ignorant bloggers has perpetrated the myth that it's very important.

Now all of the naive investors who bought into the hype are about to get crushed.

RE: Get Well Soon Steve-the-Genius
By vol7ron on 1/17/2011 11:05:15 AM , Rating: 2
The market wouldn't last too long anyhow.

It makes no sense to stick to one device series (iPad/Touch/Phone) when no other manufacturers support it.

If you go Droid, you can get all your apps, then if something happens, or a new and better product comes out, you can switch to it w/o needing to re-buy apps. Plus all your settings are saved.

With Apple, you're waiting on hardware releases, which seem to come once a year and updates, which seem more to focus on anti-jailbreaking, rather than making the device better. Even the multitasking on the iOS is a joke - "better than nothing", yes; "could have been better", hell yes.

Reasons stated above: I think Apple shares will deplete as time goes on, unless they come out with some new innovation or partnership. They had a head start on the market, but Droid devices will take the lead as they mature. Personally, I like seeing the competition.

RE: Get Well Soon Steve-the-Genius
By KoolAidMan1 on 1/17/2011 12:12:20 PM , Rating: 1
If you go Droid, you can get all your apps, then if something happens, or a new and better product comes out, you can switch to it w/o needing to re-buy apps. Plus all your settings are saved.

Your ignorance regarding iOS is staggering. You really have no idea wtf you are talking about.

Also, Google is absolutely clueless when it comes to curating a platform. Microsoft and Apple have done a significantly better job with iOS and WP7. The "openness" of Android is a farce given that numerous devices are continuously left in the cold when it comes to OS updates. Then there is fragmentation, carriers doing what they will with the platform, it is a mess. I don't know a single person on Android that isn't planning on dropping it for iOS or WP7 in the near future.

RE: Get Well Soon Steve-the-Genius
By T2k on 1/21/11, Rating: 0
By mellomonk on 1/17/2011 5:06:26 PM , Rating: 2
It makes no sense to stick to one device series (iPad/Touch/Phone) when no other manufacturers support it.

This is a curious statement. What type of support are you speaking of? Short of Flash, their isn't much they need support wise as long as web standards are followed. As far as accessories and the like, they are vastly more supported then any Android device. That isn't likely to change anytime soon despite Androids overall sales dominance. If I am a accessory manufacture how can I possibly make my widget work for all the myriad of Android device shapes, sizes and the like?

Open is great and noble in practice. But just like in governance, a little focus and control can go a long way.

RE: Get Well Soon Steve-the-Genius
By KoolAidMan1 on 1/17/2011 12:20:39 PM , Rating: 2
In the long term, this and the Tuesday's earnings report (and their typical sandbagged future guidance) are going to make for fantastic buying opportunities.

You guys realize that Apple generates more gross revenue than any other tech company out there, Microsoft included, right? Given that Foxconn is expecting 40 million iPads produced this year and 100 million produced by 2013, on top of continued iPhone expansion, and Mac sales that continue to grow in the face of a declining desktop/laptop market, they look to more than double their revenue yet again.

Keeping roughly the same gross margins into account, maintaining a PE of 20 (which would obviously go down if we have another crash like 2008 and investor sentiment tanks), and increased revenue, we are looking at a conservative $500 minimum stock price.

So yeah, buying opportunity ahoy.

RE: Get Well Soon Steve-the-Genius
By Da W on 1/17/2011 1:46:05 PM , Rating: 3
More gross revenue that Microsoft since the past quarter only. Microsoft still cashes in more profits.
Expecting 40 million iPad is a forcast ignoring any form of success from the competition. From what i saw at CES, there's a shit load of honeycomb tablets coming. There might be 40 million tablets sold in 2011, but not all ipads.

That being said, Apple has always been an innovator but has always kept its product in the high-end market segment, meaning unit growth tends to stop fast. It has been surpassed by Microsoft PCs in only a few years, by google-phones in only a few years and the iPad seems to be pointing in the same direction. It will always continue to sell well and make high profits. But to expect 30% y-o-y growth is pushing it (which is what this high market P/E implies). That being said Mac sales are going to be a surprise.

Relatively speaking, Apple is overpriced and Microsoft is underpriced. I think Google is fairly priced. Of course you can't go wrong in buying all 3.

RE: Get Well Soon Steve-the-Genius
By Tony Swash on 1/17/11, Rating: -1
RE: Get Well Soon Steve-the-Genius
By Da W on 1/17/2011 4:44:01 PM , Rating: 2
In a year Apple will have have 80% plus of the tablet market

People said that of the iPhone in 2009.

No tablet will match iOS 4 let alone what iOS 5 is going to offer

How so? You've seen honeycomb? You've seen windows? My windows phone 7 already beats my girlfriend's iPhone4 in usability. What does iOS has that is so good, except icons and a dock?

To be competitive, a newcomer to the tablet software market needs to replicate or sidestep the nearly all of Apple’s major efforts, including synchronisation of media and data with Windows PCs and Macs, integration with popular web services, an integrated payment system that customers will actually use at a reasonable rate, a well-stocked music, book and video storefront, plenty of high-quality third-party apps and fun games, a sophisticated SDK and development environment

Seems to me that Windows tablets have a pretty good shot!!! Zune marketplace has most songs and movies iTune has, nothing syncs better on a PC than a PC, you can sync wirelessly and in the clouds, games are coming by Xbox live, a windows tablet could integrate very well with a media center HTPC, thing that a iPad will not, and as far as SDK goes well Microsoft is still the king.

Now i haven't touched honeycomb yet, but it's free...

Apple passed Microsoft in value last year, it is passing Microsoft in revenue now and it will pass Microsoft in gross profit this year. In a year Apple will have have 80% plus of the tablet market.

Apple will have at most 80% of a 40 million units market and Microsoft will have 90%+ of a 3 billion units market. Those XP machines will need an upgrade sooner or later and you still need a PC to boot your iPAD.

I reiterate my overpriced rating on AAPL.

By Tony Swash on 1/17/2011 6:36:04 PM , Rating: 1

In a year Apple will have have 80% plus of the tablet market

People said that of the iPhone in 2009.

I don't think they did as Apple has never had 80% of the smart phone market. Apple's phone sales have more than doubled since then by the way (20 million in 2009 and 40 million in 2010).

Seems to me that Windows tablets have a pretty good shot!!!

Right there you haver identified the problem. Microsoft may have a lot of bits and pieces that may match up (theoretically) with parts of the Apple services spectrum but none of it links up that well. Compared to Apple's services stack it is incomplete and kludgy. And - this is the killer - Windows running on Intel silicon will never - never- be a success in the tablet world. The wrong silicon and the wrong OS.

Maybe Microsoft can pull something off with a new version of Windows/Office totally re-written for touch and running on ARM silicon but that's so far down the road that its all but irrelevant to the immediate future of the tablet market. Microsoft have nothing viable in the tablet market now and will still have nothing in a years time. Meanwhile their OEMs are jumping ship as fast as they can.

As for Android the problem is that Google's business model is not conducive to a creating an integrated services, media and app stack like Apple's. Again there are bits and pieces but nothing that snaps together like the Apple stuff. Google's approach to Android app development for example has been to support it just enough so that it can be seen to be comparable to iPhone app development whilst quietly nudging people away from paid apps and towards advertising supported apps (adverts supplied by Google of course). Google's efforts to support easy paid app purchase globally has been desultory and the reason is that making apps ad financed, as opposed to paid, is a much better fit to Google's ad based business.

By bigboxes on 1/17/2011 10:24:40 PM , Rating: 1
Good to see you reader1. Don't know what we'd do without your fanboi insight.

By KoolAidMan1 on 1/17/2011 4:18:31 PM , Rating: 2
Microsoft makes more net revenue due to the fact that Windows and Office carry much higher profit margins than any piece of hardware could dream of having. The fact of that matter is that AAPL's gross revenue is higher and increases every quarter.

As for competing tablets, I saw all of them at CES. The iPad has absolutely nothing to worry about from the competition. The Xoom is garbage and the Blackberry Playbook, nice as it is, is missing applications and consumer mindshare.

The only thing holding back the iPhone so far has been carrier lockdown. Every single person I know that has an Android on Verizon is switching to an iPhone. The same restrictions do not apply to the iPad. I see them owning the tablet space like they did media players with the iPod, and I easily see them making Foxconn's estimated shipments over the next two years.

Foxconn's estimates are far more than my own conservative ones. I was thinking closer to 30 million going into 2012.

Again, given Apple's estimated gross revenue going forward based on these estimates (not to mention net revenue that will exceed every other tech out there, software companies included), I easily see them blasting through $500 a share. Of course, it is always a good time to wait for a pullback before buying in, perhaps a retracement to the 50 period moving average on a weekly chart.

"If a man really wants to make a million dollars, the best way would be to start his own religion." -- Scientology founder L. Ron. Hubbard

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