Steve Jobs Resigns As CEO Of Apple

It has just been announced that Apple CEO Steve Jobs has stepped down from the company, according to a report from the Wall Street Journal and Breaking News on Twitter, as well as multiple other sources. It appears Steve Jobs would like Tim Cook, currently acting COO to replace him.

In a letter to the board, Jobs asks to serve as Chairman of the Board, as well as director of Apple and to remain as an employee. It has become increasingly clear over the previous months that Jobs' health has declined rapidly, and this move is likely related to this. Reuters reports Apple shares down 7% immediately following the announcement, but they have now rallied a little to hover around the 5% mark.

Apple has accepted Jobs' request to become chairman, and Tim Cook is new CEO effective immediately...

Know More About Steve Jobs Here..... Wikipedia

Know More About Tim Cook Here..... Wikipedia