A financial analyst based in the City of London has been forced to apologise for a "tasteless" joke about unwell Apple CEO Steve Jobs.

Jobs announced on Monday that he is taking medical leave from the company.

The Evening Standard reports technology specialist Alex Jarvis, who works at stockbroker Peel Hunt, made the joke in a weekly technology briefing for clients.

Jarvis quoted a comment from Intel CEO Paul Otellini that "in 2011, everything gets better,” adding herself “Intel is probably hoping that doesn't apply to Steve Jobs."

David Buik, veteran City commentator from BGC Partners, told the Standard: "One can only suppose this comment was made out of context, but it was unbecoming of a leading analyst and utterly tasteless."

Jarvis offered a formal apology through the London newspaper: "Our intention was to emphasise Apple's threat to Intel's markets. Clearly we wish Steve Jobs a speedy recovery," she said.

Jobs underwent surgery to remove a cancerous tumour from his pancreas in 2004. In 2009 he took a further leave of absence to have a liver transplant.