Steve Jobs resigns as CEO

Steve Jobs resigns as CEO

It's a small earthquake: the legendary boss and co-founder of Apple, on sick leave since January, resigned Wednesday and will be replaced by his number two Tim Cook.

I always said that if the day came that I could no longer fulfill my duties and expectations as director of Apple, I would be the first to know, he wrote in a letter to the board of directors and the Apple community. Unfortunately, that day has come. So I resign as general manager of Apple, he adds.

Tim Cook, operational director of the group who was already in charge of daily operations, will replace him, in accordance with the succession plan put in place by Steve Jobs. The board of directors says they have every confidence that Tim is the right person to be our next general manager.

No reason to panic

The announcement of Steve Jobs' resignation was followed by the fall of Apple shares on the New York Stock Exchange. The title fell by 5.3% around 23:45 GMT in electronic exchanges following the close. For analyst Gartner Van Baker, investors have no reason to panic. I think Apple will do well, he said AFP. There are so many talented people out there and Steve's attention to every detail is imbued with the culture of the company.

Steve Jobs, who becomes chairman of the board, will remain around and the company has already planned the release of its next products, the analyst added. According to press reports, the iPhone 5 should be released in mid-October and the new version of the iPad, the third, in early 2012.

Steve's extraordinary vision and leadership have saved Apple and guided it to its position as the most innovative and valuable technology company in the world., a how Art Levinson, on behalf of the board of directors, in a press release. Steve's contributions to Apple's success are countless and he has attracted and inspired immensely creative employees and a world-class management team, added Art Levinson.

The full text of Steve Jobs' letter:

On the Board of Directors and the Apple community,

I always said that when the day came that I could no longer fulfill my role and my expectations as Apple CEO, I would be the first to let you know. Unfortunately, that day has come.

As a result, I resign from my position as CEO of Apple. I would like to serve, if appropriate on the Board, as Chairman of the Board, director and employee of Apple.

As for my successor, I strongly recommend that we continue with our project and appoint Tim Cook as CEO of Apple.

I believe that the brightest and most innovative days are still ahead of Apple. And I look to the future, to assist and help this success, by taking on a new role.

I have made some of my best friends in the world at Apple, and thank you all for the many years I have worked with you.


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Portrait: Tim Cook, the lining of Steve Jobs.