Steve jobs health update, Steve jobs health 2011:Steve jobs resigns as ceo of apple

Co-founder of Apple, Steve Jobs posted a letter on Wednesday that resigined as CEO and appointed as his successor Timothy Cook. As Michael Rosenwald The Washington Post reported:

Apple CEO Steve Jobs, who almost single-handedly changed the way people around the world consume music, Internet and even television, announced Wednesday it has tendered his resignation as leader of the company he co-founded in the garage their parents.

Jobs, who has suffered from pancreatic cancer and a liver transplant in 2009, has looked increasingly frail in her appearances related to the cult of the front of the fans of Apple to introduce new products, but not stated explicitly in a letter to the board of the company and its customers if his health was failing.

"I always said that if ever the day came when he could no longer fulfill my duties and expectations as CEO of Apple, I would be the first to know," wrote Jobs, who has been on a leave of absence from health January. "Unfortunately, that day has come."

Although not entirely unexpected, given the seriousness of his prior illness - had to be operated from a rare form of pancreatic cancer in 2004 - Jobs's resignation ends one of the most extraordinary careers in the history of business. This month, Apple briefly became the world's most valuable company, surpassing oil giant Exxon Mobil.

Jobs has been replaced by Tim Cook, his No. 2 and has long been an official of the company operations. Cook has run the daily operations related to Apple in Jobs's health absences. Jobs will be the chairman.

Apple shares declined Thursday morning in response to the news despite the fact that Jobs will remain active in the affairs of the company as chairman. As Adam Santariano Bloomberg News said:

Apple shares took a big hit on news that its visionary chief executive, Steve Jobs, is reducing its role in the company. Jobs, 56, announced Wednesday he will step down after 14 years as CEO of Apple, but will continue as chairman of the company.

Around 11:30 am, Apple shares fell 5.5 percent, trading at $ 370.63 per share, and the Nasdaq composite index fell 1 percent in late morning trade. However, Apple competitor Google was trading around $ 524 per share, up 1 percent.

Jobs, who is closely identified with the company and whose health has had a clear effect on Apple shares in the past, said Wednesday it may "not fulfill my obligations and expectations" as head of Apple.

When Jobs announced its latest medical license in January, stocks fell nearly 4 percent in morning trading. But shares have risen rapidly over the past year, surpassing Exxon Mobil briefly with Apple in value this month.

Bloomberg reported that the S & P fell $ 52 billion before the market opening after Jobs announced his decision after the markets close on Wednesday.
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