Steve Jobs Resign From the Post of the CEO of Apple

Steve Jobs is no longer the CEO of apple as he has resigned from this very post. According to Apple, Mr. Jobs submitted his resignation to the board of directors strongly recommended that the board name Mr. Tim Cook as his successor. Mr. Jobs, 56 years old, has been elected chairman of the board and Mr. Cook will join the board as the new CEO.  The news of Mr. Jobs’s resignation quickly became the talk of the Internet. Overwhelmed with traffic, the blog Cult of Mac temporary went offline.

Some may find it an astounding situation but it is true and Jobs is handing off the CEO chair to COO Tim Cook.  But there hardly seems to be any reason for concern about the company’s future. Apple is in absolute peak form, rising from bleak days in the ’90s to become the most valuable tech company in the world with cash reserves of $76 billion.
Steve Jobs

Jobs led Apple’s revolution of the personal computer, music player, Smartphone and tablet, an improbable grand slam in the computing industry. He had said the statement that “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.”Jobs’ resignation naturally has a big impact on the high-tech blogosphere with many persons giving their views on it. Steve Jobs has said that “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.”

Mr. Cook faces a daunting task succeeding Mr. Jobs, who proved his managerial mettle by bringing Apple back from near bankruptcy when he returned to it in 1997. And Mr. Jobs relentlessly pushed through his vision of the tech business, reviving the Macintosh computer business and developing new products like the iPod, iPhone and iPad. While Mr. Jobs’s resignation is a kind of blow to Apple, the company has a solid pipeline of products and is planning to bring out new versions of its Macs, iPhones, iPads and iPods every year.