Steve Jobs resigns from Apple, Tim Cook is the new CEO


The world known man who always wore a tucked in black shirt with blue jeans on Apple's new product unveilings and already cartoonized on Comedy Central's South Park, Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his reign at the technology giant he co-founded in a garage 14 years ago.

After the news broke, Apple shares dived as much as 7% in after-hours trade. Jobs has been on medical leave for an undisclosed condition since January 17, is now replaced by COO and longtime heir apparent Tim Cook.

Even though Android is the most popular smartphone platform for users craving wireless internet service , the iPhone 4 is the best-selling phone. A recent study shows that the second best-selling phone on the market is the over two year old iPhone 3GS.

"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," - Steve Jobs

The 55-year-old CEO had briefly emerged from his medical leave in March to unveil the latest version of the iPad and later to attend a dinner hosted by U.S President Barack Obama for technology leaders in Silicon Valley.
Bigger picture HERE  

Rumors on the internet stated the reason for his resigning is that he is unable to make a recovery quick enough for the unveiling of the new iPhone 5 which is coming very soon.


Rifle said...

Well, what a suprise. This man is a legend:|

Chris Hashemi said...

It's crazy, I just hope he gets healthy.

A said...

I'm sure apple will be fine (hopefully, I am not always happy with the company but a world without apple products seems almost unimaginable), hopefully he is okay as well.

DeffCon said...

sad, he has cancer and he looks mad skinny

MUFCfollowers said...

Well, I wonder if the brand will stay on it's current course now that jobs is gone. +followed

Laury said...

Hopefully we can still get our iPhones in the future :(


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