Apple Stock stays steady after Steve Jobs leaves CEO post.
Yesterday afternoon the inevitable happened and it happened at the best time possible. Steve Jobs resigned as CEO of Apple. The 56 year old visionary that brought back Apple from the brink of death to the most valuable public traded company in America is stepping down because of his health. Last month we ran a report that Apple will not change after Jobs leaves the CEO post. And that is what happened. Tim Cook now takes over the CEO role officially. The stock market also agrees that nothing changed. Apple Stock is only down right now 0.44%.
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Apple is facing their biggest holiday quarter in the company history with the introduction of the iCloud, iOS 5 and the iPhone 5. The iPad is dominating and Apple laptops are selling great. The timing of Steve Jobs' leave is therefore excellent.
Steve Jobs is actually staying with Apple as Chairman of the board. So he is not totally out of the picture.
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Apple's new CEO Tim Cook also wasted no time confirming in a company-wide letter that Apple will continue on the same principals - nothing will change. Of course only time will tell if Apple has it in its DNA to be successful without Steve Jobs.