Apple CEO Steve Jobs resigns

Steve Jobs has resigned as chief executive of tech giant Apple, with former chief operating officer Tim Cook being named as his successor.

No reason was given for the departure of one of the most prominent figures in the tech industry. However, Jobs did say he wants to remain involved with Apple as a director and employee.

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' health has been much debated of late - he took a second leave of absence on medical grounds back in January this year. The resignation may once again stir up such discussion.

In a letter addressed to the Apple board and community, Jobs said: "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 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."

What we say...

"Steve Jobs stepping down from Apple is akin to Sir Alex Ferguson quitting Manchester Utd. Jobs hasn't just created one of the world's biggest tech firms, he's led Apple to become richer than the US Government.

The 56-year-old hasn't always been the most popular CEO in the tech industry, however. Nevertheless, you get the feeling even the anti-Apple brigade will be sad to see the turtleneck and jean combo disappear from the limelight."

Tom Brewster, Senior Staff Writer

Cook - an Apple veteran with 13 years of service thus far - takes over the reins just as the company is rumoured to be readying the next generation versions of its flagship devices - like the iPhone 5 and iPad 3. He stood in for Jobs during his last period of time off.

"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 the Apple board of directors.

"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."