x
Optical/IP

Steve Jobs Resigns as Apple CEO

Apple Inc. (Nasdaq: AAPL) said Wednesday evening that CEO and Co-Founder Steve Jobs has resigned.

In a brief statement, released after the market closed, Apple said that Jobs has resigned and will be replaced by the company's COO Tim Cook. Jobs has been elected chairman of the board, and Cook will join the Board, effective immediately.

Cook has already been handling the day-to-day running of Apple since January of this year when Jobs took medical leave. Prior to that, Jobs had to take leave for health reasons between January and June 2009. (See Jobs Takes Medical Leave From Apple and Jobs Takes Leave.)

"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," Jobs wrote in a short letter posted on the Apple site. "Unfortunately, that day has come."

Jobs is leaving the company ahead of the rumored release of the iPhone 5 smartphone, which is expected to arrive in September or October. (See The iPhone's Future Is 4G.)

— Dan Jones, Site Editor, Light Reading Mobile

joset01 12/5/2012 | 4:55:25 PM
re: Steve Jobs Resigns as Apple CEO

You have to feel for the guy, stepping away from his life's work.


 


DJ

myhui 12/5/2012 | 4:55:24 PM
re: Steve Jobs Resigns as Apple CEO

I hate how all the media are portraying this as Steve's "final exit". Some of the pieces read like an obituary. Steve can come back! If his health recovers, and Apple starts getting into trouble, Steve can come back.

sam masud 12/5/2012 | 4:55:23 PM
re: Steve Jobs Resigns as Apple CEO

To say Apple will be the same Job-less would be nearsighted. He may leave behind a solid team, but every leader brings a vision, which is what makes him THE leader. Others can share or accept that vision, but they cannot fill the space of the visionary. That is uniquely his or her.

gtchavan 12/5/2012 | 4:55:23 PM
re: Steve Jobs Resigns as Apple CEO Tim Cook is gay. I need say no more. The pearl white iPhone could not have been Steve's idea.
^Eagle^ 12/5/2012 | 4:55:23 PM
re: Steve Jobs Resigns as Apple CEO

Steve, it has been a great ride.  All the best to you.


you changed everything.


sailboat

joset01 12/5/2012 | 4:55:23 PM
re: Steve Jobs Resigns as Apple CEO

Re: "Steve can come back! If his health recovers, and Apple starts getting into trouble, Steve can come back."


Well, yes, anything is possible. I think the difference this time is in the tone of the letter. Previous health leave letters talk about looking forward to coming back to Apple. The resignation letter says:


"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."



Given the information we have right now its easy to see why that might read as a more final exit. That said, he remains Chairman of the Board so its not like he stepped away entirely.

Jeff Baumgartner 12/5/2012 | 4:55:21 PM
re: Steve Jobs Resigns as Apple CEO

The Onion's take on the news. JB

comtech3 12/5/2012 | 4:55:20 PM
re: Steve Jobs Resigns as Apple CEO

Well, let me say this.People like Steve Jobs only comes once every hundred years.Just like the legendary Edson Arantes de Nacimento( king Pele),the Brazilian soccer player who had scored over a thousand goals, has not been replicated in our lifetime, no may never come close to Steve Job's innovative ideas in our lifetime!

HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE