Steve Jobs Resigns As Apple CEO

by Ikam Acosta

Apple founder Steve Jobs shocked the world when he resigned as Apple's Chief Executive Officer, but will remain on board as Chairman of the Board, director, and employee of the multimillion dollar corporation.

His decision to step down has come about as a result of him not being able to meet certain "duties and expectations" which remain unclear at this point. Some speculate his failing health has a lot to do with this decision, but no official statements have been released at this time. Jobs, 56, has battled for years a rare form of pancreatic cancer.

Steve Jobs founded Apple, alongside Steve Wozniak and Ronald Wayne, in 1976. He left the company from 1986 to 1997, and became CEO in the year 2000. As CEO, he led Apple to be one of the most profitable companies in history. Jobs not only revolutionized the personal computer industry, but the music, movie, and mobile phone industries as well.

Jobs has recommended Tim Cook replace him as Apple CEO at this time. Cook has been with the company for 13 years and has filled in for Jobs in the past, so he is no stranger to the terrain.

The former CEO believes "Apple's brightest and most innovative days are ahead of it," and feels positive about contributing to the company in a new role. So fear not, tech junkies! He will still have a voice in developing Apple's many innovative products and creative designs.

How do you think Jobs' resignation will impact Apple?

Tags Apple, Blogger: Ikam Acosta, Steve Jobs, Technology