Legend, inventor and visionary Steve Jobs resigned as chief executive of Apple Inc in a surprising move that ended an era which began 14-years back when he co-founded Apple in a garage. Tim Cook has replaced him as new CEO of Apple.
Jobs’ resignation was so unexpected that market analysts could not reacted at first. Apple shares slid to $357.40 in extended trading after a brief halt. But later the day Apple gained 0.7 percent to close at $376.18 on the Nasdaq.
Apple is supposed to launch a new iPhone in September and a third iteration of the iPad tablet in 2012.
Jobs wrote, "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.”
Jobs’ health was in question for quite some time and this 55 year old visionary took a medical leave for few weeks and came back to office in March to unveil the latest version of the iPad and later to attend a dinner hosted by President Barack Obama for technology leaders in Silicon Valley.
It is indeed a grim day for techno lovers across the globe.
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