Steve Jobs resigned from Apple and COO Tim Cook will be his replacement. Steve Jobs has been on medical leave since January 17th. Analysts do not expect the resignation to slow product launches by Apple. Shares of Apple fell 7 percent in after hours trading.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/08/24/us-apple-idUSTRE77N82K20110824
Jim Sutliff