Apple logo A summary of $AAPL analysts’ comments on Steve Jobs’ leave of absence:

Charlie Wolf, Needham: “Steve Jobs health” factor could cause the stock to fall an additional 10% to 15%. It seems that, in this case, shareholders might want to know if there’s something more to this, something that might adversely impact the stock performance. I can’t help but wonder if the company should be doing something more to reassure the public that things will continue to run smoothly under the leadership of Tim Cook.

Gene Munster, Piper Jaffrey: We believe that during Jobs’ absence, Apple‘s sales will be unaffected; in other words, Apple‘s customers will not stop buying products because of his absence. More importantly, we believe the pace of innovation will remain solid, driven by key product-minded executives. From an operational perspective, we expect Cook to maintain the same standard of excellence that he demands as COO. But beyond all of that, we seem to have lost sight of the fact that this is about Steve Jobs, the human being, and a medical condition that he’s battling.

Ashok Kumar, Collins Stewart: Apple will probably opt for a team approach: using Cook for his operational strengths and other leaders for design and marketing…

Van Baker, Gartner: Everyone thinks that Jobs makes every single decision at Apple. That’s not true. Apple‘s got a talented team and Jobs lets them do what they do…The notion that Steve’s involved in every decision on a day-to-day basis is just ridiculous…