Steve Jobs has resigned: for a few hours he is no longer Apple’s CEO but its Chairman. Who is his successor and how are investors reacting? The effect on Apple stock in the market is eloquent.
This morning’s news brings us straight to the Apple headquarters, where for a few hours,Steve Jobs is no longer CEO.
The man of the apple has resigned his duties, passing the baton to Tim Cook but remaining with the company as chairman.
The reason leaves no room for doubt: Jobs stated that he can no longer fulfill his duties, so he prefers to leave this position.
The announcement, although made after the stock market closed, has already sent shockwaves through Apple’s shares, which are currently showing a negative trend of about 5%.
Understandably, this is not positive news from investors, who, however, should not be too surprised by Jobs’ decision: given his health problems, it was predictable that he would step away from his most active roles at Apple, though it was unclear when that decision would be made.
Undeniable is the role of Jobs at “the apple”, not only from an operational standpoint but also regarding his personality: a charismatic leader and a stubborn entrepreneur, he still represents for many today the tenacity to succeed, to carry forward an idea in which one believes, despite difficulties and failures.
This is why every departure of Jobs in the past has led to drops in Apple’s stock price, just as is happening now.
However, taking his place is Tim Cook, a man of great experience at Apple, who has been with the company for about 13 years and has already filled in for Jobs in previous years, dating back to 2004, when Jobs publicly admitted for the first time that he had cancer.
If the market raises certain doubts regarding the company’s future, Apple fans have others: has the decision to resign come about due to a worsening of Steve Jobs’ health?
Thin and emaciated, he has been battling cancer for years, and this latest piece – straddling public office and private affairs – worries the outside observer.

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