Apple chief out on medical leave

CUPERTINO, Calif. -- Steve Jobs, CEO of Apple Inc., has taken a medical leave of absence, Apple announced Monday.

According to an SEC filing, Jobs will remain involved in major strategic decisions during this leave of absence, and COO Tim Cook will be responsible for Apple's day-to-day operations. 

In a letter to company employees, Jobs wrote, "I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy."