Jobs Takes Leave, Apple Quarter Beats Expectations

Apple ChartThis week started off with quite a shock as Apple CEO Steve Jobs announced another medical leave. He will remain CEO of the company, but COO Tim Cook will once again take over the day-to-day operations.
We don’t know what prompted this third medical leave in the last 7 years, and no indication was given how long it will be until his return. Jobs received treatment for pancreatic cancer in 2004 and a liver transplant in 2009. Reportedly it is common to have periods of immune system trouble after a liver transplant.
On Tuesday Apple announced yet another record-setting quarter. The company had $6 billion in profits on $26.7 billion in revenue, more than 70 percent higher than last year’s numbers.

The report showed 4.13 million Macs and 16.24 million iPhones sold. And iPad sales exceeded estimates at 7.33 million. It looks like growth in China and Europe helped Apple achieve these numbers.
Other notes of interest: The new MacBook Air is a strong seller, as well as the MacBook Pro. Apple Store retail sales nearly doubled from the year before at $3.5 billion. In the stores about half of the Mac sales were to people who had never owned a Mac before.