Following the bad news, the Apple stock fell 8% in Germany. The stock markets in the US are closed today. I’m sure it’s not by accident that Apple has released this statement on a day where NASDAQ is not trading, hopefully investors will now have some time to think this through rather than panic, causing the stock to fall as much as it did in Germany.
I hope that Steve will still be the one presenting iPad 2 and iPhone 5 to us in the near future. Either way, I wish Steve a rapid recovery!
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.