What does this mean for Apple? What does this say about his health? Today Steve Jobs has resigned his post as CEO, a position he held for the second time starting in 2000.
Apple overtook Microsoft just last year and briefly passed Exxon Mobile as the most valuable Company in the U.S. and now we have him stepping down -
"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."
Apple has confirmed that Jobs will stay on a Chairman, but what will the new CEO Tim Cook mean for the company? Tim Cook has held the reins since Jobs took a medical leave in January and seems like the obvious choice. Tim Cook did bring Apples manufacturing to the well oiled machine it is today, but what happened to the rumors that Jonathan Ive could possibly be a choice, he is the Design guru behind the Mac Book Air and iPad 2 and shares that same desire for art and functionality. Perhaps Phil Schiller and John Ive will share more time on stage. So many questions, only time will tell.
Im sure Tim Cook will be phenomenal as CEO and Jonathan Ive now has a real moment to shine.
Tim Cook - a Macworld look
Jonathan Ive - Apple Profile