In big tech-news today, Apple CEO Steve Jobs has stepped down, with the board naming Tim Cook as his replacement. Steven Jobs has been credited with "saving Apple and guiding it into it's position as the world's most innovative and valuable technology company."

Steve Jobs released this official resignation letter today

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.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.


Jobs has been on medical leave from the company since January. Cook has been filling in as Apple's CEO in Jobs' absence. Two years ago, Jobs, 56, underwent a liver transplant. He also had surgery for pancreatic cancer in 2004.

As expected, the Apple community has reacted in an outrageous fashion. Popular tech-website Engadget has even disabled comments on the story to avoid their site getting shut down due to comments flooding in on their blog post announcing Jobs resignation.

Even though he is expected to stay on as Chairman of the Board, do you think Apple will be the same without Jobs in the top spot?