Jobs, 56, who battled pancreatic cancer in recent years and it seemed much worse recently, Apple has told the board a brief note that "could no longer deal with my tasks and expectations," Chairman and CEO.
In recent days, the company has surpassed Exxon for the title of an undervalued companies, but now it is close to No. 2
"I hereby resign as CEO of Apple," he writes. "I want to serve, if the board considers it appropriate, as Chairman of the Board, CEO and employee of Apple. As for my successor, I highly recommend that we do our succession plan and named Tim Cook, as CEO of Apple. "
Apple's board quickly named Cook, a 13-year veteran of Apple, as CEO and president elect Employment. "The board is confident that Tim is the right person to be our next president," said Art Levinson, Genentech's president, in a statement on behalf of the board of Apple.
But the adoption of employment "CEO of the mantle is a pivotal moment in its history.
Employment decision "to resign is the latest in the amazing new rock in the Silicon Valley. Last week, Hewlett-Packard said it was exploring options to sell or spin off its PC division multi-millionaire - just like industry PC celebrates its 30th anniversary. Jobs played a key role in the formation and maturation of the industry.
"Hewlett-Packard dropped out because of what Apple has done," said Jay Elliot, a former Apple vice president who worked closely with the work from 1980 to 1985. "The reality is that this guy was so committed to the best products in the world."
Maybe not the technology of the figure of recent history - or American executive, for that matter - has as much as rock or make more of an impression on your business and employment. Since returning to the pioneering PC in late 1997, almost single-handedly raised the company to the near extinction of a company worth more than $ 330 million.
Apple is widely expected to unveil the iPhone 5 this fall and a sequel to their popular tablet iPad 2 shortly thereafter. Apple stock is expected to take a hit this morning, and many in the past have openly doubt if Apple can keep his mojo and innovative streak without a job at the helm.
Shares closed Wednesday at $ 376.18, up $ 2.58. However, in after-hours trading following the resignation of employment, "the shares fell 5% to $ 358.50.
"Steve Jobs is the greatest leader of our industry has ever seen. It's the end of an era," Salesforce.com CEO Marc Benioff said in a tweet. Added Aaron Levie, CEO of Box.net, "It is no exaggeration to say that it is the most important person in technology, now or never. "
Taipei-based Foxconn Technology Group, which makes Apple's iPhone and iPad, said in a statement that although Jobs resigned as CEO, he has "confidence in Apple's leadership and its ability to continue to innovate and perform Much of the growth of the global technology industry. "
Analysts also expect a smooth transition. Cook, 50, won praise for its ongoing management of Apple, filling in as interim CEO while Jobs was on sick leave. Apple is also known for its engineering team depth, traders and other executives.
Gartner Michael Gartenberg says that despite the use is considered by consumers as Apple's flesh, "No single individual."
"Is this the end of an era? Absolutely," said Gartenberg. "Does his departure at a time when Apple was at its peak in terms of market capitalization and creativity Yes. But the transitions occur all the time."
Market Tech was one of the few industries largely immune to the long recession the U.S. economy, and Apple has a lot to do, we create exciting, popular products, such as the iPad, and the iPhone.
Tasks "Smash Hits was unprecedented in modern times, said Richard Doherty, an analyst at Envisioneering Group." This is the power to say "No," said Doherty. "Many of the products may have awarded the contract earlier, but wanted more. So many products fail because they are not ready," he said, referring to HP's decision last week to abandon its TouchPad tablet least two months its debut.
