Join Transform 2021 this July 12-16. Register for the AI event of the year.


Apple stock fell as much as 4 percent this morning as investors absorbed news of Steve Jobs’ latest leave of absence for medical reasons.

Apple said Monday in a statement that Jobs, the iconic chief executive of Apple was leaving again for an unspecified time on a medical leave. Chief operating officer Tim Cook is running the company’s day-to-day operations in the meantime. Jobs has taken leave for health reasons three times in the last several years.

The stock is currently at $337.43 a share, down $11.05 a share, or 3.17 percent. Apple will also be reporting earnings after the markets close today.

Analysts are expecting revenue to come in at $24.38 billion, up 55 percent from a year ago. Earnings per share are expected to be $5.38 a share, compared to Apple’s own guidance of $4.80 a share and revenue of $23 billion.

The analysts are expecting the number of iPhones sold in the quarter to hit around 15.6 million, with 17.75 million iPods sold, 4.08 Macs sold, and 6.15 iPads sold, according to Fortune magazine.

In August 2004, Jobs underwent surgery for a rare form of pancreatic cancer and returned to work after a month. In January 2009, Jobs took a six-month medical leave for what the public and Apple investors later learned was a liver transplant.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member