Jobs Leaves Deputies to Extend Legacy That Spawned Best-Sellers
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Steve Jobs, departing as Apple Inc.’s chief executive officer after a more than 9,000-percent share gain since 1997, leaves the company he co-founded in the hands of deputies to prove they can keep building best-selling products that change how people compute and communicate.
After building Apple with sleek PCs, remaking the wireless industry with the iPhone and creating a company whose market value approaches $350 billion and rivals Exxon Mobil Corp., Jobs is handing the CEO title to Tim Cook. His team, tasked with designing the next generation of Apple electronics and keeping the Jobs cachet, will seek to extend Jobs’s legacy while fending off rivals like Google Inc. and Samsung Electronics Co.