Jobs Steps Down

They say that bad news comes in 3’s. This week three major headlines rocked the U.S.. Earthquakes rattled the East coast, followed by Hurricane Irene, and Steve Jobs stepped down as CEO of Apple.”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,” Jobs wrote in his resignation letter. “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.” It is widely beleived that Jobs decade long battle with cancer has taken its toll, and compelled him to step down. Tim Cook, Apple’s COO who has lead the company during Jobs’ medical leave of absense will take over as Apple’s new CEO while Jobs continues as the companies Chairman of the Board.

There has been concern about Apple’s future without the iconic leader who brought the company from the verge of bankrupcy to the most successful tech company in existance. While some are forcasting Apples demise, analysts and the market are showing faith in the company. Apple’s stocks were mostly uneffected by the announcement. The company’s strong forward momentum, plans for future products and services, and strong leadership across its divisions have analysts predicting continued success for Apple in at least the short and mid term.