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Apple CEO Steve Jobs Resigns, Recommends Cook as Succesor

Enlarge image Apple CEO Steve Jobs

Apple CEO Steve Jobs

Apple CEO Steve Jobs

David Paul Morris/Bloomberg

Steve Jobs, chief executive officer of Apple Inc., waves after introducing the iPad 2 at an event in San Francisco, California, on Wednesday, March 2, 2011.

Steve Jobs, chief executive officer of Apple Inc., waves after introducing the iPad 2 at an event in San Francisco, California, on Wednesday, March 2, 2011. Photographer: David Paul Morris/Bloomberg

(Corrects Tim Cook’s name in first paragraph.)

Apple Inc. (AAPL) Chief Executive Officer Steve Jobs said he’s resigning and recommended Tim Cook be named his successor.

Jobs said he would like to continue as chairman.

To contact the reporter on this story: Vivek Shankar in San Francisco at vshankar3@bloomberg.net

To contact the editors responsible for this story: Vivek Shankar at vshankar3@bloomberg.net; Greg Chang at gchang1@bloomberg.net

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