Steve Jobs Steps Down as Apple CEO


Tim Cook next in line to lead the company

Steve Jobs, the tech titan who co-founded Apple in 1976, was forced out of it in 1985, only to return in 1996, announced Wednesday afternoon that he was stepping down as CEO after nearly 14 years in the job.

In a letter to the company’s board of directors and the Apple community, he said it was time to turn the reins over to the next in line.

“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.

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