Jobs steps down as Apple CEO

Apple co-founder Steve Jobs has resigned as the firm’s chief executive, leading to renewed speculation that his health has deteriorated further. In a brief letter to the board, Jobs wrote: “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.”

Jobs took an extended leave of absence in January, citing an unspecified health problem. He has suffered from pancreatic cancer in the past, and undergone a liver transplant. Tim Cook, the firm’s COO has been in charge since the beginning of year, and will now take on the CEO mantle full time.

In his letter, which was addressed to the board of Apple as well as the wider “Apple community”, Jobs said that he believes Apple’s “brightest days” to be ahead of it. And while the firm’s share price took a wobble on the announcement, it is not believed that Jobs’ resignation will affect the company’s short term performance. He will remain involved as Apple’s chairman.

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