Apple’s iPhone and iPad competitors could benefit with Steve Jobs out as CEO of Apple. “It’s going to give competitors a bit more of a lease of life to go out and compete harder,” Nomura International Plc. technology analyst Richard Windsor told Bloomberg, which noted that Sony and Nokia’s stock prices jumped after Jobs’ announcement. “It’s been thought about, talked about endlessly for the past several years that Tim Cook would probably take over so while you get an initial knee-jerk reaction on the downside, we would probably expect that not to last very long.” Apple will also need to maintain the momentum and market lead that Steve Jobs created as CEO. “If the new management team doesn’t sustain the level of innovation that Steve Jobs spearheaded, it’s going to be an opportunity for the competition in the long term,” Korea Investment Management Co. fund manager Lee Young Seog said. “Still, because of Tim Cook’s competence and the system at Apple, the competitive landscape isn’t likely to change anytime soon.” Steve Jobs announced his resignation from his CEO post on Wednesday and he will be replaced by Tim Cook, who has effectively been running the company while Jobs has been on leave. “Apple’s brightest and most innovative days are ahead of it,” Jobs said in his resignation letter on Wednesday. More →
The tech world erupted Wednesday night as Apple visionary Steve Jobs announced that he was stepping down from his role as CEO, passing the torch to former chief operating officer Tim Cook. Every analyst and pundit who was awake had his or her say on the matter, but one man in particular offered his thoughts from a perspective few have enjoyed. “He really has had to sacrifice a lot to run Apple,” Apple co-founder Steve Wozniak told BYTE in an interview on Wednesday evening. “I mean, just your time, everybody wants you day and night, that’s what I mean by sacrifices. It takes so much out of anyone to be under just contant [sic] pressure and demands like that.” Wozniak continued, “Steve needs now to just have some ‘Steve time.’ He deserves it.” On whether or not Jobs’s departure might have a negative impact on Apple’s business, Wozniak noted, “You’ve got to remember. He was surrounded by great, great people at Apple … and those people are still there. I don’t think the core Apple culture will change because of (Jobs’) leaving, not for a long time. Apple is set up. It just needs to stay financially responsible.” More →
Following Apple co-founder Steve Jobs’s resignation from his role as CEO, newly appointed chief executive Tim Cook has delivered his first message to Apple employees en masse. In a purported internal email obtained by Ars Technica, Cook stated that he is looking forward to the new challenges he will face as “CEO of the most innovative company in the world.” Cook also praises Jobs for having been an incredible leader and mentor, and assures Apple workers that the company will not change. “I want you to be confident that Apple is not going to change,” Cook wrote to his 45,000 employees. “I cherish and celebrate Apple’s unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.” Cook’s full email to Apple employees follows below. More →
If a leader’s resignation from his or her CEO role at a company doesn’t have an impact on that company’s business, the leader was ineffective. As such, it seems odd to think analysts and pundits are spending time debating whether or not Apple founder Steve Jobs’s departure from his chief executive post will change Apple. The obvious answer, of course, is that Apple will remain largely unchanged in the near term — product roadmaps always extend for multiple years and Jobs will now sit at the head of Apple’s board — but over time the company will grow and evolve under now-CEO Tim Cook’s lead. After all, a company that does not grow and evolve is doomed to fail. And if there is one thing Apple is good at, it’s evolving. Read on for more. More →
Steve Jobs has officially resigned as CEO of Apple, and here is his resignation letter to Apple and you, the Apple community.
Steve Jobs has officially resigned from his job as CEO of Apple, though he has been elected Chairman. Tim Cook, Apple’s long-time COO, who acted as CEO during Steve Jobs’ medical leaves will replace Jobs as CEO. Full press release from Apple after the break.
Developing… More →