“As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

“I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

“I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you – Steve.”

Jeffrey Fidacaro of the Susquehanna financial group said: “It’s a prudent move to name a successor that is Tim Cook.

“I don’t think Wall Street will find that unexpected. It’s nice to get a succession plan in place with Steve Jobs still at the helm of the board and guiding Tim Cook.”

So what are your views on Steve Jobs’ resignation? Will Apple survive without him? Feel free to comment below!