Jobs' health overshadows quarterly Apple sales

The health of Apple Inc (AAPL.O) Chief Executive Steve Jobs will overshadow quarterly results on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.

Apple shares, up 62 percent in the last 12 months, were down 3.4 percent in midday trade on Tuesday. That is far less than the estimated 11 percent drop in Apple shares after Jobs announced his last medical leave.

In European trading, its shares rose more than 4 percent, regaining some of the 6 percent lost after the announcement on Monday. Stock in rivals including Blackberry-maker Research in Motion (RIM.TO) (RIMM.O) and Motorola Mobility (MMI.N) was up on Tuesday.

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- Posted: 2011-01-18 11:11:05

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