Apple CEO Steve Jobs Steps Down From Role; Tim Cook Steps In

Apple CEO Steve Jobs Steps Down From Role; Tim Cook Steps In

In the span of mere days, Google announced its intentions to acquire Motorola Mobility, HP halted webOS and PC production, and the TouchPad went on a fire sale at just $99. Now, Steve Jobs is stepping down as Apple's CEO. August has surely been a shocking month for the tech world.

In fact, the news from Cupertino was so shocking, Apple's publicly traded stock was halted in after-hours trading. The assumption is that there will be a massive sell-off now that Jobs isn't at the helm, but at least the stop will allow people to digest news and figure out what's next for the company.

Jobs has been "on leave" for some time, making a brief stop at WWDC to speak at what is now his final keynote as Apple CEO. Reports of his declining health have brought doubts about the future of the company, and analysts have long wondered what Apple's succession plan would be.

Tim Cook, previously Apple's Chief Operating Officer, will be taking over as CEO. Cook has been playing an increasingly important role in the company, and now his duties will be elevated further. The shock here cannot be overstated: Jobs was largely credited for turning Apple completely around, from a company on death's doorstep to one that many other rivals can only envy.


The iPod line has a lock on the portable music-player market, and the iPhone revolutionized the modern-day smartphone and spurred Android on, in part, to become yet another competitor. The iPad has a commanding lead in tablet sales. To deny Apple's impact on consumer technology during Jobs' rule as CEO would be foolish; regardless of whether one likes or dislikes Apple products, they have moved the overall market in a major way.

Needless to say, Cook has big shoes to fill, but Jobs won't be leaving Apple altogether, but rather will continue to serve Apple as Chairman of the Board. It remains to be seen how Cook will lead; the iPhone 5 will likely be the first major Apple launch under Cook's hand, with the iPad 3 not far behind.

It goes without saying that the thoughts of many are with Mr. Jobs. He confessed that the "day has come" where he could no longer meet his duties and expectations as Apple's CEO, likely due to health concerns. His full letter is posted below.

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

Steve Jobs Resigns as CEO of Apple

Tim Cook Named CEO and Jobs Elected Chairman of the Board


CUPERTINO, Calif.--(BUSINESS WIRE)--Apple's Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board, effective immediately.

"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."
"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."

Jobs submitted his resignation to the Board today and strongly recommended that the Board implement its succession plan and name Tim Cook as CEO.

As COO, Cook was previously responsible for all of the company's worldwide sales and operations, including end-to-end management of Apple's supply chain, sales activities, and service and support in all markets and countries. He also headed Apple's Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced iPad 2 which is defining the future of mobile media and computing devices.

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Wow; and I don't know what to say about that, well other than WOW of course! I may not like the fact that Apple is proprietary like they are and have become more and more designer chic, but both they and Steve Jobs have done much to bring about the current state of technology in the world. I would even go as far as to say computers as they exist may very well not exist as they do without Steve Jobs, and of course Bill Gates. The personal computer though at the beginning of it's evolution as a personal tool was largely started by him. Yes there was the TRS-80, Amiga, etc, and the OS's of choice as well as the office application of choice were all Bill Gates. I just really have a hard time believing we would be where we are today without Steve Jobs. I also cannot see him stepping down unless there was a serious reason.

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I was shocked to see this all over my FB feed! It will be interesting to see how the stocks go over the next little while.

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Manduh:

I was shocked to see this all over my FB feed! It will be interesting to see how the stocks go over the next little while.

"Me too, especially at this time when Apple is at there best moment in history and also crushing the competition. When I read this line "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 felt better, I know Apple is in good hands, and Jobs will still play a major role. I'm extremely confident Tim Cook has Jobs, well laid out Blue Prints in his hands, and Apple will keep innovating with current and future new products'

"As far as the stocks go, people would be fools to sell them, and if they are and Apples stock falls down enough, people will buy them off in a instant."

-Optimus

 

 

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I agree this is a total shock. The man needs to take care of his health though first and foremost. I have no doubt that Apple will see a dip in their stock prices in the coming week but as soon as Tim Cook shows he has what it takes they will come right back up. I also believe that Steve Jobs has probably been grooming Tim for a while for this position and with him still performing his duties as chairman of the board Apple will continue to thrive.

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I turned on the tv before and the news said Steve has stepped down... I was like what??? Grabbed my phone to HH and ya... lol.

Best of luck to you Tim

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I guess that is why he turned AMD down as he knew he was next in line for this position.

I am happy for Tim Cook and wish him all the best, also Steve Jobs deserves credit for what he accomplished at Apple. I respect the man although I do think their products are overpriced, people continue to purchase in massive quantities so who am I to judge.

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Wow... Really shocking... But then again, he did have ongoing health issues that threatened his life. I really hope Tim Cook does well in his new position of CEO, I'm sure that he contributed to many Apple products and I'm sure that he'll be the catalyst for many new Apple products.

Hell, with any luck; he could be considered the next Steve Jobs.

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Is this your own montage. If so, congrats cause it's way cool!

Never really been a fan of Apple, but there is no denying Jobs impact on the computing world. Truly one of the pioneers, and we all owe him thanks.

Btw if it is your pic, I bet there are at least a million Jobs fans out there who would appreciate you sharing it.

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CDeeter:
Is this your own montage. If so, congrats cause it's way cool!

No, he stole it from Grawker and Gizmodo, like all of the "articles" he's posted here. I don't mind if he's a fan of that website, I do mind that he doesn't note it though where he takes his stuff from; and even then that's copyright violation; word from word.

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CDeeter:

Is this your own montage. If so, congrats cause it's way cool!

Never really been a fan of Apple, but there is no denying Jobs impact on the computing world. Truly one of the pioneers, and we all owe him thanks.

Btw if it is your pic, I bet there are at least a million Jobs fans out there who would appreciate you sharing it.

fat78:

Haha i like that pic. 13 years and he never changed his out fit.

"I got from Gizmodo.Com an article titled "The Evolution of Steve Jobs Clothing" click here http://gizmodo.com/5830132/the-evolution-of-steve-jobs-clothing/gallery/1 "

TaylorKarras:
No, he stole it from Grawker and Gizmodo, like all of the "articles" he's posted here. I don't mind if he's a fan of that website, I do mind that he doesn't note it though where he takes his stuff from; and even then that's copyright violation; word from word.

"You dont see a Optimus tag on do you? I never claimed it was mine and surely, at around 1PM which is when I always log in here , cause thats when I'm free to  surf all I want At work, I would respond to him with what I just did. In regards to my post in the forum, I always link back to the original sources maybe except when its a video from youtube which already has its description. But mostly when I copy whats written in an article , I link back and give the credit to the original website. I offcourse have not done so y one or two cause I forgot, but I alway put the link. "

@Taylor, your just a hater and douche 

 

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OptimusPrimeTime:
"You dont see a Optimus tag on do you?

No, but I don't see a "From Gizmodo" above.

OptimusPrimeTime:
But mostly when I copy whats written in an article , I link back and give the credit to the original website. I offcourse have not done so y one or two cause I forgot, but I alway put the link. "

Yeah, but you copy the entire text. I mean why visit that website and give true credit by giving them a hit when I can just read the article here and not give them a credit by visiting their website?

OptimusPrimeTime:
@Taylor, your just a hater and douche 

At least I don't post the passwords and usernames of other people just so I can prove to one HH user that he browses porn.

And at least I don't log on to Facebook accounts that are not mine.

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TaylorKarras:
At least I don't post the passwords and usernames of other people just so I can prove to one HH user that he browses porn.

"HAHAHA, I knew you were going to put that. That was a photoshop montage by my friend that I put and it was a little hot discussion I had with another member that was settled and the internet forum beef was squashed. The passwords and user names were posted by Anonymous or another hack group , cant remember  "

TaylorKarras:
And at least I don't log on to Facebook accounts that are not mine.

"So I did a little hacking, that was fun, sue me"

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OptimusPrimeTime:
"HAHAHA, I knew you were going to put that. That was a photoshop montage by my friend that I put and it was a little hot discussion I had with another member that was settled and the internet forum beef was squashed.

I'm not focused about that. What you couldn't photoshop the other usernames and passwords out? What if they were legit, you could of made HotHardware liable for storing a photo with working usernames and passwords that was leaked from a hacking group.

Also there are mostly real people behind those accounts. What, you don't care that there are real people behind those facebook accounts whose passwords were posted? You don't mind that you logged into those accounts without any remorse in the world?

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TaylorKarras:
Yeah, but you copy the entire text. I mean why visit that website and give true credit by giving them a hit when I can just read the article here and not give them a credit by visiting their website?

"You responded to almost all of those post I did, why not give me the advice or the suggestion that your giving me now in those post, why did it had to be now and in this article??"    HATER 

This is what got you MAD?? 

CDeeter:

Is this your own montage. If so, congrats cause it's way cool!

Never really been a fan of Apple, but there is no denying Jobs impact on the computing world. Truly one of the pioneers, and we all owe him thanks.

Btw if it is your pic, I bet there are at least a million Jobs fans out there who would appreciate you sharing it.

fat78:

Haha i like that pic. 13 years and he never changed his out fit.

"You saw them give credit to me and inside of of you you were all hot n bother thinking I was purposely trying claim it my photo montage, so in your HATER and Douche state, you had  to post:

  

TaylorKarras:
No, he stole it from Grawker and Gizmodo, like all of the "articles" he's posted here. I don't mind if he's a fan of that website, I do mind that he doesn't note it though where he takes his stuff from; and even then that's copyright violation; word from word.

"HATER"

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OptimusPrimeTime:
why not give me the advice or the suggestion that your giving me now in those post

Look, you have a "girlfriend"; you may be in college, therefore you should of already known this stuff by now. And yes, I should of told you earlier but it wouldn't really matter because unless you applied it in the future, it would just be a wasted lesson.

OptimusPrimeTime:
You saw them give credit to me and inside of of you you were all hot n bother thinking I was purposely trying claim it my photo montage

You had ample time to realize your mistake and edit that post, and I'm not a big fan of people mainly posting articles just so they can think they're contributing something...

Look. I'm not going to get sucked into a beef like coolice did. I'm going to stop right here and now but before I do here are some words of advice: learn to be less rude, inconsiderate and cocky.

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TaylorKarras:
Look. I'm not going to get sucked into a beef like coolice did. I'm going to stop right here and now but before I do here are some words of advice: learn to be less rude, inconsiderate and cocky.

"I'm going to stop right here too, and thank you for being a Hater, nuff said.

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Haha i like that pic. 13 years and he never changed his out fit.

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I say good riddance and hopefully the company takes a tumble for it.   Stringing its customers along with half assed hardware updates, failed promises.  Why on earth would you leave your customers handcuffed to their computers in order to "fully" use their phones potential. Good riddance to an ignorant human being, who in the face of strong competition, refused to innovate and would rather waste money on suing other companies with superior products in frivilous lawsuits.

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I dont know why everyone is so shocked by this, Jobs has had major health issues for a while now and he's basically just the face and keynote speaker. I have confidence Cook will do a good job, I think he's been groomed for this position. Also, knowing Jobs, he will stop by from time to time to make sure things are up to snuff. And besides someone has to be sitting in the throne room of the new mother ship being built????

Hey @OptimusPrimeTime and @TaylorKarras I don't care if you duke it out or hug it out but come on, there are better things to get upset about.

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