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Thursday, August 25, 2011

Steve Jobs resigns from Apple

Apple's leader Steve Jobs turned in his resignation on Wednesday as Apple's chief executive. This leaves many wondering whether Apple can continue its success under new leadership.

The shock among Apple fans was widespread even though it was well known that Jobs had serious health problems. Jobs' resignation may have been a surprise, but it wasn't unexpected. Jobs had taken a leave of 2009 a liver transplant and in the beginning of the year he again stepped away for medical reasons. Jobs did not give a specific reason for resigning but it appears to be health related. Jobs recommended that Apple's board of directors name Tim Cook as the next chief executive. Cook has taken over the leadership role at Apple several times while Jobs was on medical leave.

Steve Jobs co-founded Apple in 1976, and was then kicked out of the company in 1985. He then returned in 1996, when the firm was in serious financial trouble. Soon after that things started picking up and out came the iMac, iPod, iPhone and iPad.

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