Breaking News: Steve Jobs Resigns as CEO of Apple

In a surprise announcement this evening, Apple’s Board of Directors announced that Steve Jobs is resigning as CEO of the company. Apple’s Chief Operating Officer, Tim Cook, has been named Jobs’ successor and plans to begin taking over as CEO effective immediately.

His letter:

To the Apple Board of Directors and the Apple Community:

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.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

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.

Steve

When your so far on top, the only way is down. This is the end of an era, quite possibly the turning point for apple (for the worse)…only time will tell.

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