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Thanks, Steve Jobs!

Posted on | August 24, 2011 | No Comments

I’ve been anticipating the day that Steve Jobs would transfer power to Tim Cook.  I didn’t expect it this soon though.  See Steve’s announcement below:

August 24, 2011
Letter from Steve Jobs
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 has done an amazing job leading Apple since his return.  Can Apple continue to innovate?  Apple’s share price is already down in after-hours trading.  Is it a buying opportunity?


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