The medical leave will come as a surprise to Apple investors and definitely take some shine off the Apple stock.I think Job's leave is not going to affect implementing launches for the ipad2, which is expected this spring and the ihone5, expected in June on Apple's developers conference.
I hope Tim Cook will do as good as Steve, but Steve is the best. I want Steve to be back soon.
We have already seen that Apple has done good job even when jobs was on medical leave previously. With a solid establishment in the ipod, iphone and ipad products apple has done a great job and is already at the pinnacle of success. But what happens if jobs is not coming back for some time. We have seen android already coming in competetion for the iphone market and in tablets category there are many companies coming out with the tablets. But there should be well laid leadership plan for the apple CEO.
DennisQ, Well said. Apple continued to perform excellently under COO Tim Cook the last time Jobs was getting a liver transplant. The company has a deep pool of talents that Jobs has been instrumental in motivating to achieve their current market-beating performance. I guess that's what is not open to the public. As you noted, behind Jobs are some superb engineers, mid-level managers, senior executives, folks in marketing, sales, administration, supply chain, etc. One tree cannot make a forest and I have to agree that Apple is greater than the sum of only one individual.
Steve Jobs taking medical leave has become headlines everywhere. No doubt it has to be as he has brought the company to big heights. I didnt know he had pancreatic cancer. May be its just a true medical leave. Hope he recovers soon and come back all fit and healthy.I agree this abscence news would defintely make the market little nervous and stock value will get affected.
Bolaji, one thing we have to appreciated, with the able guidance and leadership of Job Apple technologies had emerged as a market leader in many fields. But unfortunately he is going for second round of medical leave within a couple of two years. Since he already defined the vision and mission of his companies with a good road map, he may also want to know how his company is performing on his absence. This may also help him to look from the customer point of view also and if needed, he can do some correction steps also. I think job may use his medical leaves for such purposes too rather treatment.
First of all, we wish Mr. Steve all the best. Then, I would like to underline DenniQ's post: we trust Apple Inc. or we don't trust Apple Inc. Their position achieved in the market (since a long ago) comes, of course from Mr. Steve talent, but especially from organization, processes, engineers, developers, stock keepers and everybody helped or is helping the company (from 1 Infinite Loop to who knows) in its tasks, deadlines and targets.
Stocks up and down means someone wants to keep alive current financial crisis and he is trying to promote emotional events because of individual speculation interest.
Obviously, this is sad news and I wish Steve well. I think many of us take our health for granted; you can have all the money and success in the world, but it doesn't do you much good if you are sick.
Best wishes to him.
Now that being said, there's so much debate and speculation out there about what this means (or doesn't mean) and how this will affect Apple's future.
I am of the opinion that in a company as large as Apple that one person -- even jobs -- is not irreplaceable. Steve is obviously talented and has more name recognition than basically any CEO out there, but he'd be pretty useless if saddled with a collection of poor vice presidents.
Obviously, there are some other very strong and capable leaders at Apple, including Cook.
This reminds me slightly of all the concern people had regarding Bill Gates leaving Microsoft. Long-term, his departure probably didn't affect things too much.
The vote of confidence displayed by the board of directors of Apple in Jobs to grant him a leave of absence a second time around speaks to the both the value placed in Jobs ability as a CEO and also in the strength of the organization as a system. A well run organization is one that its sub-systems are interrelated and interpendent to make a functional whole. Obviously Jobs dynamic vision has been shared with Apples executives and strategically planned to give years of directions to the organization with or without Jobs.
I expect Apple executives to continue with the strategic plans in Jobs absence. I wish him good luck with his health and a return to work soon.
Other companies better watch out. Free time in Jobs hands spells creative i-n-n-o-v-a-t-i-o-n!
I will choose to take a more positive view. Jobs most likely planned for this leave of absence and a plan is in place for company operation without him. Perhaps we'll see a major announcement from Apple that will solidigy its technology leadership position and aleviate some of the uncertaintly surrounding Jobs' leave of absence. Hopefully they have learned from their previous mistake.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.