Steve Jobs

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Apple Harvests Record Profit

Holiday iPod sales surge defies Wall Street

(Newser) - A late surge in holiday iPod sales boosted Apple quarterly revenue and profits to a record high, reports the Los Angeles Times. Wall Street analysts had predicted a slump of up to 18% in Apple sales, but despite the recession, the company is reporting $1.61 billion in profits on...

SEC Looking Into Apple's Health Disclosures on Jobs

Non-public inquiry doesn't necessarily indicate wrongdoing

(Newser) - The SEC is taking a long hard look at Apple’s disclosures about Steve Jobs’ health, a source tells Bloomberg. The inquiry isn’t supposed to be public knowledge, and doesn’t indicate that the SEC has seen evidence of wrongdoing. But the agency wants to be sure that Apple...

Jobs Mulls Liver Transplant
 Jobs Mulls Liver Transplant 
Jan 16, 2009 4:41 PM CST

Jobs Mulls Liver Transplant

Ailing Apple founder claims not to get high interest level in his condition

(Newser) - With rumors rampant, Steve Jobs is considering a liver transplant. The Apple CEO’s announcement Wednesday that he’ll take a leave of absence to deal with his apparently deteriorating health has the rumor mill working 24/7, but he professes ignorance. Reached by phone, he asked a Bloomberg reporter, “...

Jobs May Have Pancreas Removed
Jobs May
Have Pancreas Removed
Jan 16, 2009 7:46 AM CST

Jobs May Have Pancreas Removed

Surgery would require insulin treatment, with risk of diabetes

(Newser) - Apple’s ailing CEO, who announced a 5-month leave of absence yesterday, may have his pancreas removed, doctors say. Steve Jobs had parts of it removed during surgery after a 2004 cancer diagnosis; now it may be necessary to remove the entire organ to avoid pancreatic leak, a potential side...

Apple Needs to Tell the Truth About Jobs' Health

Firm's secrecy is a disservice to its investors

(Newser) - It’s possible, but not likely, that something truly changed in the days between Steve Jobs discounting his health issues as a “hormone imbalance” and deciding he needed to take a medical leave from Apple. That means, writes Joe Nocera in the New York Times, that America’s “...

Banks Drive Stocks Down Early
 Banks Drive Stocks Down Early 
MARKET OPEN
Jan 15, 2009 9:11 AM CST

Banks Drive Stocks Down Early

Investors see bad news everywhere in new data

(Newser) - Stocks dropped at the open today as a surprisingly good JPMorgan quarter struggled to offset other negative economic news, the Wall Street Journal reports. The Dow was off 108, despite Morgan's 4% surge, as Bank of America plummeted 15% after reports it would need more aid to close the Merrill...

Low-Key Jobs Stand-In Known for Steady Hand

Cook expected to keep Apple on solid course during CEO's absence

(Newser) - Steve Jobs' decision to take medical leave was no surprise to Apple-watchers, and neither is his choice of a replacement. Chief operating officer Tim Cook is a little-known name outside Silicon Valley, but his efficient, low-key approach and symbiotic relationship with Jobs over the last decade has helped transform Apple...

Health Forces Jobs to Take Leave From Apple

Problems 'more complex than I originally thought,' founder says

(Newser) - Saying his much-publicized medical problems are “more complex than I originally thought,” Apple founder Steve Jobs is taking a leave from the computer giant through June, the Wall Street Journal reports this afternoon. The 53-year-old survivor of pancreatic cancer said last week he had a hormonal imbalance. Chief...

To Save the News, Look to iTunes

 To Save the News,
 Look to iTunes 
OPINION
Jan 12, 2009 10:44 AM CST

To Save the News, Look to iTunes

Model proves people will pay for what could be free

(Newser) - People expect their news for free these days, but online advertising revenue isn’t enough to support major operations, David Carr writes in the New York Times. But there may be hope for the newspaper industry. A decade ago, people began getting their music illegally. Now, the convenience of iTunes...

MacWorld Snoozefest Signals Apple's Decline

Swansong keynote labeled the dullest tech talk since Vista's rollout

(Newser) - Apple's keynote address at the MacWorld expo yesterday felt a lot like the end of an era to those who managed to keep their eyes open during it, Dan Lyon writes in Newsweek. Marketing chief Phil Schiller's "almost unbearable" rollout of various new software features instead of thrilling announcements...

Hackers Hijack Mac Site, Falsely Report Jobs' Death

(Newser) - Hackers today attacked an Apple gossip site covering the Macworld convention and falsely reported Steve Jobs’ death on a live blog, CNET reports. The hack is likely the work of shadowy collective 4Chan, which is also responsible for the “Anonymous” attacks on Scientology. The attack, which included random insertions...

Jobs' 'Hormone Imbalance' May Signal Cancer

Survival rate for recurrence is 1 to 2 years

(Newser) - Steve Jobs’ statement revealing the “hormone imbalance” that’s caused his weight loss may point to a resurgence of cancer, the Los Angeles Times reports. Jobs survived a rare form of pancreatic cancer that’s less dangerous than the typical kind. But a reappearance of the tumor could suggest...

Jobs: Hormone Imbalance Is Causing Weight Loss

(In other words: Stop saying I have cancer)

(Newser) - Apple mastermind Steve Jobs, looking to silence whispers about his health, said today his doctors have discovered a hormonal imbalance that's causing his weight loss, reports the AP. Rumors have been flying since the increasingly gaunt-looking cancer survivor canceled his annual speech to the Macworld conference tomorrow. “The remedy...

Apple Must Unveil Post-Jobs Plans
 Apple Must Unveil 
 Post-Jobs Plans 
ANALYSIS
Jan 5, 2009 7:15 AM CST

Apple Must Unveil Post-Jobs Plans

With company's fortunes inordinately tied to founder, confidence is at stake

(Newser) - Apple’s foot-dragging on revealing its succession plan should founder and CEO Steve Jobs die has become a drag on the company, Michael Hiltzik writes in the Los Angeles Times. “A corporate succession plan is like the Soviet Doomsday Machine in Dr Strangelove,” he writes after 2008 saw...

More Health Rumors About Jobs Hit Apple's Stock

(Newser) - More rumors regarding the health of Steve Jobs put a crimp in Apple's stock today, the Street reports. The company's stock had been trading in positive territory until the tech blog Gizmodo quoted an anonymous but "100% reliable" source as saying Jobs' health is "rapidly declining." After...

Jobs Prepares to Pass the Torch: Analyst

Apple icon's lower profile signals shift, regardless of health

(Newser) - Steve Jobs is moving slowly toward the exit, and the Apple CEO has assembled such a strong team that even the absence of the company's "irreplaceable face" won't spell disaster, reports Apple Insider. Jobs' decision to skip MacWorld Expo doesn't mean his health is worsening but is "a...

Apple to Quit Macworld Expo
Apple to Quit Macworld Expo
Dec 17, 2008 3:58 AM CST

Apple to Quit Macworld Expo

Jobs won't be giving keynote address for company's last appearance next month

(Newser) - Apple shocked observers by announcing yesterday that its appearance at next month's Macworld Expo will be its last, Marketwatch reports. CEO Steve Jobs will not be giving a final keynote address at the San Francisco industry gathering where he has traditionally unveiled new products. The company's stock dived 5% following...

Recession Bites Into Apple
 Recession Bites Into Apple 
Dec 16, 2008 4:57 AM CST

Recession Bites Into Apple

November sales down, stock falls

(Newser) - Even apparently recession-proof Apple is now beginning to show signs of strain, and some analysts are predicting a major slowdown for the computer giant next year, the Wall Street Journal reports. US sales of Macs last month declined 1% over a year ago, while PC sales rose 2%. One analyst...

Apple's Profit Jumps 26% as iPhone Sales Boom

(Newser) - Apple Inc. said its profit jumped 26% in its fiscal fourth quarter as the newest iPhone outsold the market-leading BlackBerry. Despite the blockbuster performance, which sent Apple's shares soaring in after-hours trading, the company issued what it called "prudent" predictions for the current quarter because of broader economic uncertainty.

Ceding Spotlight, Jobs Signals His Departure

Apple chief takes back seat on purpose at Macbook unveiling

(Newser) - “Steve Jobs is leaving Apple,” declares Jesus Diaz of Gizmodo. “Not tomorrow, but probably very soon.” That’s the conclusion Diaz drew from yesterday’s MacBook unveiling, which saw the rock star CEO for once cede the spotlight to his top lieutenants, as if to announce,...

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