Apple CEO Steve Jobs resigns! iQuit~!

Posted By Saimatkong on Aug 25, 2011 | 1 comment
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Steve Jobs resigns as Apple CEO! Apple COO Tim Cook will take over Steve Jobs as CEO. This was recommended by Steve as Tim Cook has filled in for Jobs when he went for medical leaves. It’s time for you to take a rest Mr Steve Jobs and Thanks for your contribution to the world!

Ohhh it’s that a good news or bad news for all the Apple’s lovers? I hope there’s still good innovation and creative products coming from Apple and I’m waiting for another awesome products from Apple!

Who’s Steve Jobs?

Steven Paul “Steve” Jobs (born February 24, 1955) is an American business magnate and inventor. He is co-founder, chairman of the board, and former chief executive officer of Apple Inc. Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney. He was credited in the 1995 movie Toy Story as an executive producer.

In the late 1970s, Jobs, with Apple co-founder Steve Wozniak, Mike Markkula, and others, designed, developed, and marketed one of the first commercially successful lines of personal computers, the Apple II series. In the early 1980s, Jobs was among the first to see the commercial potential of the mouse-driven graphical user interface which led to the creation of the Macintosh. After losing a power struggle with the board of directors in 1984, Jobs resigned from Apple and founded NeXT, a computer platform development company specializing in the higher education and business markets. Apple’s subsequent 1996 buyout of NeXT brought Jobs back to the company he co-founded, and he has served as its CEO since 1997. In 1986, he acquired the computer graphics division of Lucasfilm Ltd which was spun off as Pixar Animation Studios. He remained CEO and majority shareholder at 50.1% until its acquisition by The Walt Disney company in 2006. Consequently Jobs became Disney’s largest individual shareholder at 7% and a member of Disney’s Board of Directors.

Jobs’ history in business has contributed much to the symbolic image of the idiosyncratic, individualistic Silicon Valley entrepreneur, emphasizing the importance of design and understanding the crucial role aesthetics play in public appeal. His work driving forward the development of products that are both functional and elegant has earned him a devoted following.

On August 24, 2011, Jobs announced his resignation as Apple’s CEO and subsequently recommended Tim Cook to be his successor. Furthermore, as per his resignation letter request, Jobs was elected chairman of Apple’s board of directors.

Read More about Steve Jobs : Wikipedia

(Reuters) – Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move that ended his 14-year reign at the technology giant he co-founded in a garage.

Apple shares dived as much as 7 percent in after-hours trade after the pancreatic cancer survivor and industry icon, who has been on medical leave for an undisclosed condition since January 17, announced he will be replaced by COO and longtime heir apparent Tim Cook.

Analysts do not expect Jobs’ resignation — which had long been foreseen — to derail the company’s fabled product-launch roadmap, including possibly a new iPhone in September and a third iteration of the iPad tablet in 2012.

“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,” he said in a brief letter announcing his resignation.

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 President Barack Obama for technology leaders in Silicon Valley.

Jobs’ often-gaunt appearance has sparked questions about his health and his ability to continue at Apple.

“I will say to investors: don’t panic and remain calm, it’s the right thing to do. Steve will be chairman and Cook is CEO,” said BGC Financial analyst Colin Gillis.

Apple shares slid to $357.40 in extended trading after a brief halt. They had gained 0.7 percent to close at $376.18 on the Nasdaq.

Analysts again expressed confidence in the Apple bench, headed by longtime company No. 2 and supply-chain maven Cook.

“Investors are very comfortable with Tim Cook even though Jobs has been a driver of innovation and clearly an Apple success. Tim has shown Apple can still outperform extremely well when he’s been acting as CEO,” said Cross Research analyst Shannon Cross.

“I don’t know if it’s a health issue. I don’t know if it is a shock. Most likely it was going to happen at some point. Why today versus another day? I don’t know.”

Source : Reuters

The man behind the iPhone, Apple CEO Steve Jobs resigns

SAN FRANCISCO: Steve Jobs, the mind behind the iPhone, iPad and other devices that turned Apple Inc. into one of the world’s most powerful companies, resigned as the company’s CEO Wednesday, saying he can no longer handle the job.

The move appears to be the result of an unspecified medical condition for which he took an indefinite leave from his post in January. Apple’s chief operating officer, Tim Cook, has been named CEO.

In a letter addressed to Apple’s board and the “Apple community,” Jobs said he “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.”

Apple said Jobs was elected board chairman and Cook is becoming a member of its board.

In this Jan. 27, 2010 file photo, Apple CEO Steve Jobs holds the new iPad during a product announcement in San Francisco. Apple Inc. on Wednesday said Jobs is resigning as CEO, effective immediately. He will be replaced by Tim Cook, who was the company’s chief operating officer. It said Jobs has been elected as Apple’s chairman. – AP

The company said Jobs gave the board his resignation Wednesday and suggested Cook be named the company’s new leader.

The January leave was Jobs’ third medical leave over several years. He had previously survived pancreatic cancer and received a liver transplant

Source : TheStar

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