Steve Jobs Resigns as Apple CEO
Posted on Thu Aug 25, 2011 11:22 AM PDT

stevejobs200.jpgSILICON VALLEY, California (X17online) - Steve Jobs has resigned as CEO of Apple, the company announced Wednesday.

As recommended by Jobs himself, Apple COO Tim Cook will replace the iconic techie as CEO.

The news comes as little surprise in the tech world, as Jobs has been battling critical health issues for several years.

Though no mention of health is made in his letter of resignation, Jobs hinted: “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.”

According to Apple board member Art Levinson, Jobs will continue to serve as Chairman of the Board and “serve Apple with his unique insights, creativity and inspiration.”