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Steve Jobs takes indefinite medical leave from Apple

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Steve Jobs

Just a year and a half after taking leave for a liver transplant, Apple co-founder and CEO Steve Jobs has announced that he'll be taking another medical leave, this time without a specific end date. “I love Apple so much and hope to be back as soon as I can,” said Jobs in a statement. While Jobs will still be involved in major decisions, the company's COO will be stepping in for him on day-to-day operations.

Given Jobs' declining health over the past several years (he also underwent surgery for pancreatic cancer in 2004) and a history of "minimal disclosure" on health-related issues, analysts and investors are concerned about what the leave of absence really means, and one said, "It raises the bigger question about whether he’ll ever return."

Even though it's pretty impossible to imagine Apple without Jobs at the helm, one analyst said, "It is natural that investors will expect the worse […] right now Apple has a management team that is one of the greatest in American business. Whatever trajectory the company is on will continue for two to five years, regardless of whether Steve comes back." Get well soon, Steve!