Steve Jobs Steps Down as CEO of Apple …Update: Apple Shares Drop 7%

Steve Jobs on Wednesday resigned as chief executive of Apple Inc. He has been on medical leave.
Reuters reported:

Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.

The 55-year-old Apple co-founder and pancreatic cancer survivor has been on medical leave for an undisclosed condition since January 17.

UPDATE: Apple shares dropped 7% following the news.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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