Home » Finance » Resignation of Steve Job causes a big Drop in Apple

Steve JobThe world largest company, Apple Inc, had a drop of shares after Chief Executive Officer, whose name is Steve Jobs, resigned from the company. From the first start, Jobs started his business with small personal computer company at the young age until now he has got a successful in his business which has become a largest technology company in the world. On 23rd of August, 7 percents of the shares decreased in extended trading in the United States after the announcement of Jobs’ resignation. In the near future, Jobs is going to be Chairman. In 2003, he got a cancer diagnosis, and 6 years later, he had a liver transplant.

Tim Cook, Chief operating officer, has helped Jobs to get a great success in his life. Jobs left for medical treatment since 17th of January. Jobs, whose age is 58, said that one day if he could not complete the duty as CEO of Apple, he would leave and have an announcement of his leave. Unfortunately, the day, he didn’t really want, has come. Under supervision of Jobs, the Apple Company has been listed as the most second valuable company in the world while the XOM, Exxon Mobil Corp is the first valuable company.

To gain great fame in technology industry, Apple has introduced new up-to-date computer, music and cell phone to the consumers. When Jobs left for his treatment in 2009, his partner, Cook built a great achievement during risky situation. However, about 70 percent was gained at that time. According to New York time, one report showed that after an increase from $2.58 to $ 376.18, there was a dramatic decrease in $ 350 after the announcement of Steve Jobs’ resignation on 23 August, 2011.

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