Steve Jobs steps down as Apple CEO

FXstreet.com (Barcelona) - Steve Jobs, co-founder and CEO of Apple, the world's largest company by stock market value, resigned yesterday after being on medical leave since January. In the letter announcing his leave he designated the chief operating officer Tim Cook as his successor and expressed his desire to remain Apple's chairman.

Jobs has already gone through pancreatic cancer and a liver transplant in 2009. Although the company's board has not given reasons for his resignation, the general conviction is that he is leaving because of continuing health problems.

After the statement was released Apple stock fell by 7%.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS