Steve Jobs Resigns As CEO Of Apple

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Co-founder and two-time CEO of Apple, Steve Jobs, has resigned from Apple.

"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," he said in a letter announcing his resignation.

It's no secret that Jobs has been in poor health. This past January he announced the he would be taking a medical leave of absence from the company. He returned in March to announce the iPad 2.

"As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple", Jobs said. This should come as no surprise, as Cook stood in for Jobs during his bout with cancer in 2004 and most of 2011.

In his resignation letter Jobs also stated "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." The new role Jobs is referring to is Chairman of the Board for Apple, which he was elected to today.

It'll be interesting to see who announces the new products for Apple, as Steve Jobs was always seen as a brilliant salesman.

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