Steve Jobs resigns as Apple CEO

For a while Jobs’ often-gaunt appearance has sparked questions about his health and his ability to continue at Apple.

Silicon Valley legend Steve Jobs relinquished the reins at Apple to right-hand man Tim Cook last night, after 14 years in command at a company he brought back from the brink and turned into the world’s largest technology corporation.

Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone in 2007, is deemed the heart and soul of a company that he himself started in a garage in the late 1970s.

“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,” he said in a brief letter announcing his resignation. “Unfortunately, that day has come.”

A college dropout, a Buddhist and a son of adoptive parents, Jobs started Apple Computer with friend Steve Wozniak. The company soon introduced the Apple 1 computer. But it was the Apple II that became a huge success and gave Apple its position as a critical player in the then-nascent PC industry, culminating in a 1980 IPO that made Jobs a multimillionaire.

“I will say to investors: Don’t panic and remain calm,” said analyst Colin Gillis.

Below, the text to Jobs’ resignation letter, via Gizmodo:

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


News
Entertainment
Sports
Lifestyle
Local

DA: Homeless man severely beat by men in…

Two former college football players pleaded not guilty to the alleged severe beating of a homeless man in Allston earlier this year.

National

Hamas, Abbas's PLO announce reconciliation agreement

The Gaza-based Islamist group Hamas and President Mahmoud Abbas's Palestine Liberation Organization (PLO) agreed on Wednesday to a unity pact.

Local

Reports: Dead man pulled from water at Boston's…

A dead man was reportedly pulled from the water at Boston's Long Wharf Wednesday afternoon, according to the Boston Fire Department.

Local

Primark to make US debut in Boston

Dublin retailer Primark will make its U.S. debut with a store at the former Filene's site in Boston.

Going Out

Thursty: Revamped Audubon is back in action

Having been a long time fan of Trina's Starlite Lounge in Inman Square, one of my only complaints about the place is that there's only…

Entertainment

Here's what to do in Boston this weekend

MUSIC Huun Huur Tu Friday, 8 p.m. First Church in Cambridge 11 Garden St., Cambridge $28, 617-876-4275 www.worldmusic.org This group comes from the tiny nation…

Television

TV watch list, Wednesday, April 23: 'Suburgatory,' 'Modern…

'Suburgatory' The men of "Suburgatory" go camping and Tessa mentors a social outcast in a Miss Chatswin contest, which brings her, once again, into conflict…

The Word

The best lines from Oprah's ex-stepmother's Daily Mail…

Oprah’s ex-stepmother, Barbara Winfrey, is out for revenge.

MLB

Fantasy baseball: Searching for early season prospects

It’s relatively rare for a mediocre 30-year-old hitter to suddenly go nuts offensively for 162 games. That’s why minor league prospects are so exciting.

U.S. Soccer

NYCFC 'targeting' US international Mix Diskerud

Metro New York has learned Mix Diskerud has drawn “interest” from the expansion MLS side, NYCFC.

MLB

Statistics show plate approach for Red Sox has…

Statistics show plate approach for Red Sox has been off so far in 2014

MLB

MLB video highlights: Yankees rout Red Sox, 9-3

Jon Lester allows eight runs in 4 2/3 innings taking loss

Style

Pippa Middleton's Etsy pick: Golden Thread Jewelry

Get a look at the jewelry Pippa Middleton loves and find out how you can buy it too.

Parenting

What every parent needs to know to get…

Mom and author of "Small Talk," Tracey Blake, shares her five practical tips to help you develop your children's language skills.

Sex

Subway crush: Meet your soulmate on your commute

Read about a couple who has been 40 years after meeting on the train.

Tech

Happy birthday, Game Boy! The handheld console turns…

Nintendo's Game Boy turns 25 this week. To commemorate, we look at some of its better games, like "Tetris" and "The Legend of Zelda: Link’s Awakening."