Steve Jobs has just submitted his resignation as head of the world’s most lucrative company, Apple.

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

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

For any Apple-fan, this is a sad day indeed. Steve Jobs has been responsible for making Apple what it is today: one of the world’s leading companies with its introduction of the iPod, iPhone, iPad, iTunes, OS X, Macbook, etc…

Steve Jobs will remain as chairman on the Apple board.