apple stock | Analysts Downplay Apple Stock Dip on Jobs Resignation

Steve Jobs resigns as CEO of Apple, will continue as president, Tim Cook new CEO:Steve Jobs, has resigned as CEO of Apple Apple’s letter to the Board of Directors. In his letter, asks Steve to remain chairman of the board and appoint his successor, Tim Cook. The Board of Directors approved these requests came into force immediately. Jobs continue to be “active” from Apple, and is expected to remain with the company’s strategy.
The board of directors of Apple and the Apple community:

I’ve always said that if ever the day when I could no longer meet the expectations of my duties, and as CEO of Apple, I would be the first to tell you. Unfortunately, this day has arrived.
I hereby resign as CEO of Apple. I want to serve if the board deems appropriate, as chairman of the board, CEO and employee of Apple.

As for my successor, yesterday, I highly recommend that we do our succession plan and appointed Tim Cook as managing director of Apple.

I think days brightest and most innovative Apple to come. And I look forward to and contribute to its success in a new role.

I did some of the best friends of my life to Apple, and I thank you all for many years to working with you.

Steve

Art Levinson, Genentech chairman and member of the board of Apple for over 10 years, issued the following statement on behalf of the Board:

Extraordinary vision and leadership of Steve saved Apple, and controls the position as the most innovative and valuable technology in the world. Steve has been part of many successes of Apple, and has attracted and inspired by Apple’s huge creative staff and world class management team. In his new role as President of the Council, Steve will continue to serve the Apple of his unique insights, creativity and inspiration.

Jobs was diagnosed and treated for pancreatic cancer in 2004. It took three separate leaves of absence for medical reasons during and after that time. In 2009, Jobs had a liver transplant at the Methodist University Hospital Memphis, TN. He was absent from his day to day duties since January this year.

As for the appointment of Tim Cook as CEO, Levinson writes:

The Board of Directors has full confidence in the fact that Tim is the right person to be the next CEO. Service 13 years of Tim, Apple has been characterized by outstanding performance, and he has shown remarkable talent and a healthy discernment in everything he does.

Apple’s stock was suspended after hours trading on the 16:19 for about 35 minutes. The final agreement was $ 375.56. When trading resumed at 04:55, photograph of Apple fell more than 5%, and $ 351.