Steve Jobs’ resignation as Apple CEO on Wednesday may have caused the company’s stock price to falter, but it had a positive effect on the stock price of its rivals.

Steve Job’s resignation may be a chance for competitors to pounce on Apple. Image: liewcf / Flickr (CC)

According to the Agence France-Presse, Apple stock tumbled “5.3 percent in after-hours US trade” after Jobs’ and Apple’s announcement.
On Wednesday, Apple announced that Jobs has resigned. Former Chief Operating …

Tim Cook has been named the new Apple chief operating officer as Steve Jobs and Apple announced on Wednesday that the iconic CEO has stepped down from his post.

Timothy “Tim” Cook, former COO, has been named Apple’s new CEO in light of Steve Jobs resignation and recommendation. Image: dfarber / Flickr (CC)

In a press release, Apple said: “Apple’s Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously …

Steve Jobs, the man who built Apple Inc twice and changed the face of the tech industry many times over, has resigned from his post as CEO of the world’s most valuable and arguably currently most illustrious tech company.

The iconic Steve Jobs has announced his resignation as CEO of Apple Inc. Image: Annie Bannanie 06 / Flickr (CC)

According to an announcement from Apple’s Board of Directors, Jobs resigned on Wednesday.
A letter from Jobs addressed to the Apple Board of Directors and the …

China Mobile has reportedly discussed the possibility of offering Apple’s iPhone on their network with Apple’s iconic CEO Steve Jobs, a report from Reuters reveals.

China Mobile executives have reportedly met with Apple CEO Steve Jobs several times about the possibility of a TDSCDMA iPhone. Image: SimonQ錫濛譙 / Flickr (CC)

According to the report, China Mobile has discussed “introducing an iPhone based on its network standard” with the CEO. There have been several meetings …

The official biography of Apple Inc.’s iconic co-founder and CEO Steve Jobs will be released earlier than expected, according to publisher Simon & Schuster.

The official Steve Jobs biography, "Steve Jobs: A Biography", comes out November 21, according to publisher Simon & Schuster. Image: Annie Bannanie 06 / Flickr (CC)

The news comes via the New York Times which says that the publisher has revealed on Monday that the biography will be released on November 21.
Simon & …

Iconic Apple CEO Steve Jobs took a break from his indefinite medical leave to unveil what he believes will be the “next big insight” of his company, the iCloud service, at Apple’s Worldwide Developers Conference (WWDC) on Monday at San Francisco’s Moscone Center.

Also during the event, the Cupertino, California-based maker of iDevices unveiled Lion and iOS 5.
Walking lively to center stage at the event to James Brown’s classic “I Got You (I Feel Good)”, Jobs said that they are …

Android.com / GFDL

Google announced at the annual Google I/O developer conference that over 400,000 Android devices, including smartphones and tablets, get activated daily, which makes up for about 12 million units per month.
In August last year, Eric Schmidt, Google’s CEO at the time, announced that approximately 200,000 Android devices were activated daily, whereas, during the Mobile World Congress (MWC) in Barcelona this year, Schmidt said it has reached the 300,000 mark.
Android …

Daly3d / Flickr (CC BY)

Sir Richard Branson, the chief of the Virgin Group, recently revealed in an interview with T3 magazine that Steve Jobs is the entrepreneur he admires most.
“I think Steve Jobs, I hope he gets through his current illness, would be the entrepreneur I most admire,” he said.
The billionaire also said that Jobs is “the greatest comeback artist as well.” Branson, whose Virgin Group has created more than 300 branded companies worldwide, added that “Jobs has been …

Steve Wozniak by eschipul / Flickr (CC BY-SA)

To those wondering how Apple Inc. will fare without Steve Jobs at the helm, Steve Wozniak has an answer: it will function “pretty well”.
Speaking in Singapore today, Wozniak said that they have studied the scenario of Jobs going on a “total leave”, Bloomberg reports.
However, the Apple co-founder also said that “Steve Jobs is only on partial leave.” But if it came to a point that the iconic CEO will have to go on a full leave, …

Steve Jobs by macinate / Flickr / (CC BY-NC-ND)

Calling 2011 the “year of the iPad 2”, a frail but festive Steve Jobs led the unveiling of the second-generation of Apple’s hit iPad Wednesday night in San Francisco.
“We’ve been working on this product for a while, and I just didn’t want to miss today,” Jobs – who is on an indefinite medical leave – said, and then thanked those in attendance for having him.
The iPad 2 is thinner and lighter (and if you choose …