Steve Jobs Resigns as CEO of Apple

by Mick

Apple's Board of Directors announced yesterday that Steve Jobs has resigned as CEO and his replacement  will be Tim Cook, previously the COO.

Read the Resgination Letter at

https://www.apple.com/pr/library/2011/08/24Letter-from-Steve-Jobs.html

and the Apple Press Release at

https://www.apple.com/pr/library/2011/08/24Steve-Jobs-Resigns-as-CEO-of-Apple.html

Jobs has been elected as Chairman of the Board and will continue to provide Apple with 'his unique insights, creativity and inspiration'.

https://www.apple.com/pr/bios/steve-jobs.html

Predictably, the 'financial gamblers' overreact  with shares in Apple dropping by more than 5% within 25 minutes of the announcement !!

Mashable have posted a series of 10 videos showing 'the most ionic moments from Steve Jobs' career at Apple'

https://mashable.com/2011/08/24/breaking-steve-jobs-resigns-from-apple/

Perhaps one of the most significant events was the introduction of the Macintosh back in 1984.