Stellar results from Apple and a strong outlook based on dazzling sales of its iPhone and iPad are reassuring investors fretting over the possible loss of its visionary chief executive Steve Jobs as he against takes medical leave.
In the quarter including Christmas sales jumped 71 percent and profits were up 78 percent.
Analyst Clyde Montevirgen at Standard & Poor’s said Jobs’ health problems are not being seen as a big issue: “We think that the roadmap is still intact for 2011. They will most likely come out with a new iPad, they will come out with a new iPhone and new operating system all slated for this year. So as long as they stay on track and continue to execute on that plan we don’t think there will be much fall off at least fundamentally.”
Apple’s shares bounced back after tumbling when it was announced Jobs would hand over day-to-day operations to his deputy Tim Cook to take his third medical leave since 2004.
Investors have pinned much of their faith in the company on Jobs himself who has visibly grown more frail since surviving pancreatic cancer followed by a liver transplant.