| By Matthew Campbell - Jan 17, 2011 Apple Inc. Chief Executive Officer Steve Jobs was granted a medical leave of absence to focus on his health, the company said. 
 Chief Operating Officer Tim Cook will be responsible for the Cupertino, California-based company’s day-to-day operations, with Jobs continuing as CEO, Apple said, citing an e-mail to employees from Jobs.
 
 “I love Apple so much and hope to be back as soon as I can,” Jobs, 55, said in the e-mail.
 
 Apple shares fell as much as 7.7 percent in German trading to 240.10 euros ($319). The shares closed at $348.48 in New York on Friday. U.S. markets are closed today for a public holiday. U.S. stock futures extended losses after the announcement.
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