★ The Leave @Gruber

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Steve Jobs sick-leave and Apple earnings. Gruber has a valid comment on both.

A post from Daring Fireball by John Gruber has the whole story. Here is a part:

Whatever we expected, we all hoped we’d seen our last Steve Jobs medical leave. When the news went out this morning, there was a collective, wincing, “Fuck.”
I’m not going to speculate about Steve Jobs’s health, but I will speculate about Apple. The announcement of his leave was perfectly timed: on a weekday, but a holiday on which the U.S. stock market is closed. Apple’s stock is surely going to drop on this news when the market opens tomorrow, but it shouldn’t be a panic.
More important than the holiday, though, is that Apple announces its quarterly results tomorrow, and they’re expected to be excellent. Some smart analysts are expecting Apple’s actual revenue to beat the consensus estimates by $2 billion. That’s an astounding number. Nine years ago Apple didn’t even have $2 billion in revenue for Q4. Here’s Apple’s PR announcement from January 2002 for its Q4 2001 financial results — $38 million in profit, $1.38 billion in revenue. Tomorrow’s numbers are going to be around $6 billion in profit, $26 billion in revenue.
The company has never been in better shape than it is today. Hit products in growing markets, best-of-breed technology, top-notch engineers and designers, thriving retail stores, and the strongest brand in the history of consumer electronics.
Nobody is ever truly ready for news like this, but you can be prepared. Apple is.
Already, just today, we’re inundated with stories pondering Apple’s executive leadership. This story at The New York Times gets it right: Apple has a deep bench. This story, also at the Times, gets it wrong: Apple doesn’t need to anoint Cook “CEO” or “delegate Steve Jobs’s power more formally to someone else”.

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