Steve Jobs resigns as Apple CEO

Apple CEO Steve Jobs resigns

Apple CEO Steve Jobs has resigned as CEO and the role will be taken over by Tim Cook. Wow.

In the official announcement, Apple didn’t single out the reason for why Jobs is resigning but it’s pretty clear to us. Jobs has been battling health concerns for the last few years and took a medical leave of absence, although he still keynoted WWDC.

Because of these health concerns, the move isn’t shocking. Jobs was initially kicked out of Apple, brought back when the company was on the verge of collapse and turned it into the or one of the most valuable companies in the world. He was the visionary behind such iconic products as the iMac, iPod, iPhone and iPad.

It’s unclear what this means for Apple, as many have posited that it is so strongly connected to Jobs and his vision that the company will face an inevitable decline. While the stock may take a hit, it’s clear that Jobs has cultivated a strong bench and process for the company and the next year or so should be set with refreshes of its iPhone, Macbook and iPad lineup. The real test of what this means to Apple will be when it brings out a new product in a new category.

Whatever you may think about Apple and Steve Jobs, he has been a legendary figure in the industry. We wish him the best.

[Via Apple]

  • Jessica Leung

    Ouch…I foresee apple stock falling because of this

  • Anonymous

    Regardless of rather I purchase apple products or not or rather I like apple or not doesn’t matter here. This is an human being suffering and I know he didn’t want to go out in this manner. I wish him and his family godspeed.

    • Anonymous

      If he resigned for health reasons, which seems to be the likely cause, I’m positive he didn’t want to go out like this. It’s sad, but it was bound to happen eventually. Hopefully he’s mostly doing OK.

  • RockinRhino

    We all knew this was going to happen sooner than later. Tim Cook will keep the momentum going.

  • Dane

    This is once again Steve Jobs with brilliant timing. Lets face it, Tim Cook has been silently running the show for awhile now, and any negative responses to stock due to personnel changes will quickly be met with the success of the iPhone 5. Apple will be just fine, and I sure that its visionary creator has a few more tricks up his sleeve.

    • Anonymous

      Yea iphone 5 will be succes of steve jobs will see in a couple years i know its going to affect when tim cook take control

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