As of this evening, Steve Jobs has resigned his post as CEO of Apple, naming Tim Cook as his successor. This news follows an extended health-related leave of absence that began this past January. Jobs will stay on at Apple as Chairman of the Board.

In a press release, Jobs cited his inability to "meet [his] duties and expectations as Apple's CEO" as the reason for his resignation, but didn't go into any further detail.

As for Tim Cook, he's been running the show since Jobs took his leave of absence, and so the transition should be relatively smooth. Time will tell whether Jobs' final departure will effect the company's long-term health and growth as investors have sometimes feared that it would.

Source: Reuters

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  • damianrobertjones - Thursday, August 25, 2011 - link

    Aim for the kids, be cool, then the adults will follow.

    Pretty simple really
  • gevorg - Wednesday, August 24, 2011 - link

    HP TouchPad sale made Steve Jobs resign! The price was just too low for Apple to compete.

    - Flawless victory by HP
  • mrbean1500 - Wednesday, August 24, 2011 - link

    the hp tablets are discontinued -_- quit babbling nonsense... they couldnt get rid of them so they had to drop the price... not a victory for hp...
  • woofersus - Wednesday, August 24, 2011 - link

    It was clearly sarcasm. Defensive much?
  • Quake - Wednesday, August 24, 2011 - link

    Come on! Can't you see that was sarcasm!?!
  • B3an - Thursday, August 25, 2011 - link

    Wow you're a clever one LOL.

    ...Oh my comment is SARCASTIC btw.
  • Malih - Thursday, August 25, 2011 - link

    What a year, AMD has products that sold out (Fusion), Intel mobo failure, HP let go of Touchpad after a brief period, HP let go of PC division, Steve Jobs resigns, what's next??!?!
  • infernojericho - Thursday, August 25, 2011 - link

    Rest in Peace, Steve.

    In other news, the devil in hell is packing up; there's a new tyrant in town.
  • B3an - Thursday, August 25, 2011 - link

    Coming soon to a dimension near you, the iHell.
  • mpschan - Thursday, August 25, 2011 - link

    It's one thing to dislike Apple, their products, business decisions, etc. I for one can't stand them and will not buy an Apple product as long as they continue their practices.

    However, it's another thing to speak this way of Steve Jobs. He's not a tyrant, he's not evil, he isn't forcing you to do anything.

    There are many, many people in this world that deserve our disgust for the humans that they are. But Steve Jobs isn't one of them. He built a great company that sells products that many people want; just maybe not you and me.

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