Earlier today, Apple’s CEO, Steve Jobs has resigned from his CEO position. Below is the letter he published to announce the news:
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.
Of course, the tech community is shocked since Steve’s reign as CEO was by far a memorable one. Jobs basically brought Apple back to life in 1997 when he came back to the company as CEO. It is easy to say that with Jobs in power, Apple has had the most successful years in the history of the company. Now, will this change impact the future of the company? We don’t know but I think we can all expect Apple’s stock to drop tomorrow as the general public reacts to this news.
To think rationally, Apple as a company will succeed. They are a very rich company and many people are familiar with the products. For Apple to fall off its throne, they need to come out with some horrible products and make some pretty big mistakes. If you look back into the history of the company, when Steve was not in charge, things certainly went down hill but I believe everything will be fine. I guess we will all find out in the upcoming months.