Steve Jobs Quits as Apple’s CEO

Steve Jobs, the iconic man behind Apple quits from his position as the CEO of Apple Inc., Steve Jobs co-founded Apple with Steve Wozniak in 1976. Jobs was later fired from his job. He became part of Apple again, when Apple acquired next, founded by Jobs.

Jobs changed the path of Apple by introducing the iDevices like the iPod, iPhone and now the iPad, which made Apple the most valuable tech company in the world, sending Microsoft to the second spot. Jobs is known for his awesome presentation skills and with his catchphrase “and one more thing”  he introduces something entirely new which was loved by his fans.

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Steve Jobs is fighting with Pancreatic cancer for a long time and In a letter to the board of directors, he hinted at his on-going battle with pancreatic cancer as the reason, saying: ‘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 would continue to be a part of Apple by serving as the Chairman of the Board. Tim Cook, the current COO would succeed him as the CEO of Apple. Tim Cook ran Apple when Jobs went on medical leave and has essentially been running day-to-day operations since early this year, with the company racking up record revenue and profit. Cook has been a part of Apple for around 11 years now.

Jobs resignation from his post as the CEO of Apple has made Apple fans worry that he may be seriously ill.

Pancreatic cancers are generally some of the most lethal of all tumours, and the most common type often kills within six months. Jobs has battled a less common variety that grows far more slowly and develops in the hormone-secreting section of the pancreas, according to USA Today. Look at this to get a view of what he has been going through.

As news of Jobs’ resignation spread, Twitter and Facebook exploded with tributes to him. Apple’s Share Price would fall due to this news, the company had already lost $22.18 per share, or 5.9 per cent of its value.
 

STEVE JOBS’ RESIGNATION LETTER TO APPLE

To the Apple Board of Directors and the Apple Community:

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.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve

Jobs quitting is a big news for tech enthusiasts like me. He was virtually an iGod for most of us. But still, he’ll stay with Apple for some more time. Let us all pray for his health.

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