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.