Steve Jobs resigns as Apple CEO

CELEBRATED POLO NECK WEARER Steve Jobs has resigned from his role as Apple CEO and will be replaced by Tim Cook.

Jobs re-ignited Apple once he had been fired from the firm and re-hired and oversaw its change from a competing hardware provider - with a designer fanbase, to a ubiquitous gadget seller and trend setter.

"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 Apple's Board in a statement released last night.

"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."

Jobs' resignation letter has been put online by Apple and it is tinged with regret. The CEO's health has been deteriorating and it seems that he no longer feels able to fill the role.

"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," he wrote.

"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."

Jobs strongly recommended that Apple carry out the succession plan that its shareholders were so keen it created, and place Cook in the CEO role. He added that he expected this to work out well for the firm.

"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," he added. "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." µ