August 25, 2011 09:08 by Jeremy
Oh boy. The picture above is enough to cause commotion in the stock market, along with panic in the minds of Apple fanboys (and fangirls, of course), all because a single person has turned in their resignation letter. Then again, who wouldn't immediately panic when the infamous Steve Jobs decides to step down as Apple's CEO?
However, some rational thinking might help people to realize that not all is lost with the company of forbidden fruits. Back in 2009, Jobs left temporarily for medical reasons and was succeeded by Tim Cook. The same thing happened earlier this year and Cook has been running Apple on a day-to-day basis since January 17.
Also, according to Jobs' resignation letter, he won't actually be leaving Apple. "I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee." And the Board has approved just that; Jobs' new position actually gives him a little bit more flexibility, while still having a hand in the direction that Apple heads towards.
As expected, Apple's stock price dropped by 5% overnight. But when there's an Earthquake, don't you run and tell everyone first before acknowledging that it was a 1.5 magnitude? After the initial shock wears off, people will realize that Apple is still making their iPods, iPhones and iPads.
While it's true that Jobs had a certain epic stage performing ability that may be hard to recreate by his successor, it doesn't mean production will stop. We'll see how Cook carries on as the new permanent CEO - he may have had the role before, but now he officially has the world watching him.
Check out Jobs' full resignation letter below:
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