Late last night, Steve Jobs resigned as the CEO of Apple Inc. While this has come as a surprise to some, there have been suggestions for months that Jobs was beginning to take a back seat in the day-to-day running of the company he founded back in 1976. With Apple now in the best position it has ever been in, it seems like Jobs has chosen the perfect time to step back and focus on recovering from the illness from which he is suffering. With the iPhone 5 (and iPod) announcement just a few weeks away, any drop in share price that the company will suffer will undoubtedly be recouped in the hours after that keynote, and with Apple having recently passed Exxon as the most valuable company in history, there has never, and will never, be a better time for the CEO to resign from his position and take some time for himself.
Jobs’ health has been in question since the middle of 2004, when he was diagnosed with pancreatic cancer, for which he underwent a pancreaticoduodenectomy that seemingly resolved the issue. While the prognosis for most sufferers of this kind of cancer, it turned out that Jobs had a far less aggressive form of the disease.
After this procedure, Jobs returned to his position at Apple, but there were constant questions about his health, particularly after he delivered Keynotes at WWDC in 2006 and 2008. While there were assertions from many sources claiming that Jobs was medically fine, in 2009 he took a six-month medical leave of absence, which culminated in a liver transplant in April of that year. Naturally, rumours were rife about his health, but once again he returned to the head of Apple, running operations until the beginning of this year, when he announced that he would again take a medical leave of absence. He remained on this leave until the announcement last night, which will see Tim Cook take over as CEO and Jobs take on the position of Chair of the Board of Directors.
So what do the rest of the team think about this resignation? What will it mean in the long-term for Apple? How will it affect their future? Read on to find out exactly what we’re thinking…
As a team, we would all like to wish Steve Jobs the very best in his new position, and thank him for helping to make Apple what it is today. Get well soon, Steve, and we look forward to hearing more from you as Chairman in the coming months and years.