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Aug 25, 2011

Steve Jobs quits as Chairman of Apple

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Steve Jobsn the head and chairman of the Apple Inc. (NASDAQ: AAPL; NYSE: AAPL; previously Apple Computer, Inc.) has resigned.

The impact was seen on the stocks of the Apple which fell around seven percent in the US stock market - New York Stock Exchange as Jobs quit the role of chairman.

It is expected that the stocks in the technology sector might see another plunge. Steven Paul "Steve" Jobs was one of the founders of Apple apart from Steve Wozniak and Mike Markkula in 1970s.

After the announcement, the share of Apple and the Walt Disney Company where Jobs serves as director fell heavily at the stock market.


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