Steve Jobs Resigns
Apple CEO Steve Jobs has resigned his position with the company, he announced in a letter Wednesday afternoon. Jobs will move into the title of Chairman, with acting chief executive Tim Cook named permanent CEO.
"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 wrote in the letter. Jobs had been on a leave of absence due to an undisclosed illness since January.
"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," Jobs wrote. "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."