Apple Shares Fall Amid CEO Steve Jobs' Medical Leave

6:55 AM PST 01/18/2011 by Georg Szalai
AFP/Getty Images

The company is scheduled to report its latest quarterly results after the market close.

NEW YORK - Apple shares opened lower on Tuesday, a day after CEO Steve Jobs announced he would take another medical leave.

Early in the trading session, the stock traded down 6.2 percent at $327.05. The stock market was closed Monday for Martin Luther King Day.

While Jobs, who didn’t detail his health issues, will continue to be involved in key strategic decisions, COO Tim Cook will once again handle day-to-day operations at Apple.

Jobs also took a medical leave in early 2009, which also caused investor jitters.
 

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