Steve Jobs resigns as CEO of Apple

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It has just been announced that Apple CEO Steve Jobs has stepped down from the company. It has become increasingly clear over the previous months that Jobs’ health has declined rapidly, and this move is likely related to this.

In a letter to the board, Steve Jobs ask to serve as Chairman of the Board, and the person who will replace him as CEO is Tim Cook, Apple’s current COO.

Following the announcement, Apple stock down 7% immediately and cause public uproar especially on online communities.

 

Source : Engadget, Apple Press Info

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