• Steve Jobs’ resigning as Apple CEO brought market share impact to Apple

    Posted on August 25th, 2011 David Brooks | No comments

    On Wednesday, Steve Jobs resigned as chief executive of Apple and passed the reins to his right-hand man, Tim Cook, chief operating officer. The resigning of Jobs itself may not be so bad thing to all Apple investigators and Apple fans. But the signal of the resigning may make them worry, for it indicates the poor health condition of Steve Jobs. It seems that the 56-year-old co-founder of the company is losing his battle with cancer. That is what the whole world would worry about, especially those Apple fans and investigators.

    Steve JobsThe announcement of Steve Jobs’ resigning was made in a statement from Apple with a letter from Jobs, in which 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.

    Apple revealed that Jobs gave the board his resignation on Wednesday and suggested Cook be named the company’s new leader. Jobs was elected board chairman and Cook is becoming a member of its board.

    Jobs’ hits seemed to grow bigger as the years went on. During the years Jobs as the CEO, Apple has brought world many excellent devices, like iPhone, iPod, iPad, etc. People’s digital entertainment life has been greatly fulfilled for they could freely watch video on iPhone, watch DVD on iPod, or watch Blu-ray on iPad anytime anywhere without limitation. And we should also thank Steve Jobs, the co-founder of Apple, because it is he who boosted the development of the current glorious electronic product market.

    Steve Jobs has acted an incredible role in the development to the company. A 5% decline of Apple market share in after-hours trading on Wednesday wipes more than $17bn (£10.3bn) off Apple’s stock market value, sending it down from $348bn to $330.5bn, just due to the resigning of Steve Jobs.

    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.” Jobs said in his resigning.

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