As Apple CEO Steps Down, Company will Forge Ahead

Apple’s CEO Steve Jobs announced his official resignation yesterday, spawning a huge international reaction among industry analysts and consumers a like.

Jobs has been on medical leave for an undisclosed condition since 17 January, as the decision comes after a liver transplant resulting from pancreatic cancer.  Unable to meet the chief executive duties, Jobs will step down, however, remain an Apple chairman.

Following the announcement, Apple shares fell 4.1 percent in the secondary listing in Frankfurt, and dropped 5 percent in after-market trading on New York NASDAQ, reported the BBC.

Conversely, competitors in Asia, HTC and Samsung Electronics saw an increase in its shares to 4.1 and 3.2 percent, respectively.

Inside sources say the resignation was not unexpected, and will have little effect on the day-to-day operations of the tech giant. Colin Gillis at BGC Financial told news sources that Jobs will still be able to provide input as he would when CEO, and his replacement, Chief Operating Officer Tim Cook, has been “de facto” chief executive for quite a while as the company has experienced great success.

Gartner analyst Michael Gartenberg told BBC, “At the end of the day, consumers don’t buy products from Apple because they’re from Steve Jobs, they buy them because they meet their needs and they’re good products, and they’ll continue to do that.”

And for those businesses looking to rent iPad and iPad 2, or MacBook Pro and MacBook Air to meet the needs of a training session or other event, Hamilton Rentals has the innovative Apple technology ready at hand.


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