Steve Jobs Resigns from Apple

This evening Apple’s CEO Steve Jobs made a surprise announcement, stating that he will be resigning effective immediately from the position of CEO. Steve had taken medical leave back in January of this year, leaving the day-to-day operations to Tim Cook. This evening in a letter from Steve, we can see that he wishes to continue to take part in Apples’s future as an employee as the Chairman of the Board, and that he continues to believe that Tim is the right man to lead Apple as its new CEO.

These recommendations were quickly heard and agreed to by Apple’s board following his announcement of resignation to the board. The board gave this statement:

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”

The saving of Apple that the statement is referring to is when Steve took back the position of CEO in 1997. The previous CEO, Gil Amelio, had been with Apple from 1994 to 1997. During the time he served as Apple’s CEO, the company had hit a 12-year low in Q2 1997. Apple, under the new direction of Steve, changed their focus and brought the company back to life with many new popular products such as the iPod and iPhone.

Analysis: Since Steve has been on medical leave since January, we can only suspect those circumstances played a role in his abrupt resignation. We here at Gaming Bus hope to see you in good health soon if that’s the case, Steve. Today marks the end of an era at Apple. It’s not sad, nor is it being left behind by Steve this time. He will still continue to offer guidance and support to the company he built and subsequently brought back to life. Apple has changed dramatically from what they use to be in the 80’s and 90’s, so we can only hope that the new CEO Tim Cook continues looking forward during his tenure at Apple.

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