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We all know that Apple CEO and our own tech Elite, Steve Jobs would take a medical leave of absence from the company. But the news was not taken well by the stock market as Apple shares fell 5.7 percent. Apple started at $85.33 a share in morning trading on Wednesday and, closed down to $80.50.

Analyst Michael Abramsky of RBC Capital Markets noted in his research:

CEO Jobs’ unexpected leave of absence raises near-term uncertainty regarding leadership. Jobs is widely viewed as Apple’s chief innovator, dealmaker, leader, deeply involved in minute decisions, inextricably tied to Apple’s brand. Jobs’ being sidelined for 6 months or more and unavailable day-to-day – with no clear successor – in our view raises risks to Apple’s sustaining its stellar record of innovation going forward.

What do you think, will Apple be as innovative as a company it used to be?

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