Steve Jobs Steps Down As CEO Of Apple, Inc.

Steve Jobs // Credit: unknown

 Apple Co-Founder Steve Jobs resigned as CEO today, furthering speculation,

along with the early release of his upcoming biography, that his health is faiiling.

No official comment was made by Mr. Jobs, other than the official statement below.

CUPERTINO, Calif.-(BUSINESS WIRE)-To the Apple Board of Directors and the Apple Community:

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.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

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.

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.

Steve

Tim Cook was named CEO of Apple and Steve Jobs will serve as Chariman.