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Liver transplant for Apple's Steve Jobs enables his return

City A.M. Reporter
APPLE chief executive Steve Jobs is understood to have undergone a liver transplant operation about two months ago and is expected to return to work by the end of this month.<br /><br />Jobs, a pancreatic cancer survivor seen as the driving force behind development of the iPod, iPhone and other category-defining products from Apple&rsquo;s famed innovation machine, went on medical leave in January for an undisclosed condition.<br /><br />An Apple spokesman said: &ldquo;Steve continues to look forward to returning to Apple at the end of June and there is nothing further to say.&rdquo;<br /><br />While investors may react negatively to the news today, when stock markets re-open, analysts say Wall Street is broadly prepared for Jobs&rsquo;shift to a role that sees him focusing on big picture ideas and products at Apple.<br /><br />Chief operating officer Tim Cook has been managing the company on a day-to-day basis in Jobs&rsquo; absence, and is expected to continue to do so if Jobs does not return to the role full-time, analysts say.<br /><br />The 54-year-old Jobs could return to work part-time at first, with Cook taking on &ldquo;a more encompassing role&rdquo;.<br /><br />Some investors have priced Jobs&rsquo; departure into Apple&rsquo;s share price.