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Tim Cook now as important as Jobs at Apple?

Cook as important as Jobs?

Apple's chief operating officer, Tim Cook, may now be as important to the company as CEO Steve Jobs, Gene Munster tells the Wall Street Journal. The Piper Jaffray analyst explains that Cook did so well taking over the reins during Jobs' medical leave, it may mean the company would suffer more if he left than if Jobs did. "At this point, losing Tim Cook would be a bigger deal to investors than if Steve Jobs stepped aside. Just that thought makes my stomach tighten up," says Munster.

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COO Cook holds reins during Jobs' leave

Apple without Mr Jobs

Despite the uncertainty surrounding Steve Jobs' announcement that he will be taking a six-month medical leave of absence, many analysts are still confident that the company will persevere while the company's COO, Tim Cook, holds the reins. The number-two executive is not unfamiliar with covering for the iconic CEO, having lead the company while Jobs underwent his initial surgery in 2004 that treated a rare form of pancreatic cancer.

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