Wednesday, 24 August 2011

Steve Jobs Resigns From Role as Apple CEO

Earlier today it was announced that 57-year-old Steve Jobs was to step down from his role as Apple CEO.

Jobs, currently on medical leave for an undisclosed condition, released a heartfelt letter to his peers, revealing how he felt it was the right time to pass on his responsibilities.

In his letter, Jobs stated: “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come.”

It's thought the stresses associated with such a role at the company may have endangered the Apple co-founders health had he decided to continue. Jobs went on to suggest Tim Cook as the new CEO of the company.

According to Apple's site, Cook is primarily responsible for the company's worldwide sales and operations. He is also heavily involved with the electronic giant's supply chains on an international level.

Amazingly, Apple's share price has more than tripled in the past three years

Jobs is not leaving the company in its entirety, instead taking on a new role as Chairman of the Board. Art Levinson, on behalf of Apple's board, told the media: “In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

Fans of Jobs were quick to voice their sadness online, with social networking site Twitter erupting with goodbye messages and best wishes as the news hit the web.“Thank you Steve Jobs for giving us all things cool, innovative, smart & mobile”, one user wrote.

It's not all doom and gloom for Apple, however. Steve Jobs was quick to mention that the company may have its 'brightest days' ahead of it. What's more, with rumours of an upcoming iPhone 5 and new product line overhaul teasing gadget fans across the world, this could very well be the case.

Steve Jobs was undoubtedly an incredible asset to Apple and a key member in shaping the company into what it is today - One of the world's most innovative technological companies.


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