Breaking: Steve Jobs resigns as Apple CEO, to be replaced by Tim Cook

Aug 24, 2011 by

Steve Jobs

In what may be the most shocking news this year, Apple’s beloved CEO Steve Jobs has resigned as CEO of Apple, to be replaced by Tim Cook, according to Reuters.

Tim CookSources speculate that Steve Jobs’s resignation may be due to medical issues, arising from Steve Jobs’s cancer scares recently.

Industry analysts say that Steve Jobs leaving Apple may be the downfall of the company, but for now, all we know is that Apple will never be the same.

UPDATE 1:

Here’s Steve Jobs’s resignation letter:

August 24, 2011–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.

To be constantly updated.

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