Apple Inc shares took a 10% tumble after CEO and technical visionary Steve Jobs announced that he would be taking sick leave until the end of June. Speculation over Jobs health has been rife for months during which time he has appeared to have lost a great deal of weight.
Jobs, who beat pancreatic cancer, had recently soothed investors by announcing that he was not ill, but suffering from an easy to treat hormone imbalance and that he would remain in control of Apple during his treatment.
Jobs who was instrumental in the marketing explosion of the iPod and more recently iPhone will take his leave at a difficult time for the Apple company, who in line with all manufacturers are facing a slowdown in the consumer market.
Chief Operating Officer Tim Cook will take over the day to day running of the business during the six month period.
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