Steve Jobs of Apple Inc. just announced that he is relinquishing his post as CEO of the company and will remain only as chairman and employee. This has been a long term speculated many months back when he first took a long leave of absence and many have suggested that it may be for health reason (as can be seen from his significant lost in weight). Today, this news came through and you might say the rumor mill may have its truth in it. But even with this news, Apple's stock has not suffered any disastrous effect. In fact, it went up a few dollars during trading hours.
This I believe may be because he still remains in Apple Inc. as chairman and still significant enough to lead the company. And even as chairman, I believe no one will deny the fact that he will hold considerable influence in what steps the company takes next. Jobs have single-handedly brought Apple back from the brink of death with the first release of the new generation iPod (new then) and then the iPhone. Of course the rest as they say, is history. Not only is Apple Inc. back to life, but it is today the most valuable tech company in the USA (if not the world!). The release of the iPad only propelled it to further unimaginable heights.
