CEO Steve Jobs’ medical leave of absence not slowing development at Apple

“Apple Inc. chief operating officer Tim Cook, filling in for Steve Jobs, is hinting of iPhone price changes, working on new handsets, and has ‘ideas’ for netbook computers, Sanford C. Bernstein & Co. said,” Bloomberg News reports.

“‘Tim Cook stated that since Steve Jobs announced his leave of absence, he was spending more time on new products, how Apple could take the iPhone into new markets, and examining iPhone’s business model,’ said Sacconaghi,” Bloomberg News reports.

“Cook, in charge of day-to-day operations while Apple’s chief executive officer takes medical leave through June, and marketing chief Phil Schiller indicated the company had ‘very exciting’ plans for the iPhone this year, Sacconaghi said,” Bloomberg News reports.

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