Market News – Apple’s statement on Steve Jobs death

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The whole world has heard by now of the death of Apple co-founder Steve Jobs, who died peacefully at age 56, surrounded by his family in California late on Wednesday night after a long battle with cancer.

The announcement of his death was made by Apple on Wednesday night. The company issued a brief statement saying, “We are deeply saddened to announce that Steve Jobs passed away today,” the company said in a brief statement.

“Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve,” they added.

“In his public life, Steve was known as a visionary; in his private life, he cherished his family. We are thankful to the many people who have shared their wishes and prayers during the last year of Steve’s illness; a website will be provided for those who wish to offer tributes and memories. We are grateful for the support and kindness of those who share our feelings for Steve. We know many of you will mourn with us, and we ask that you respect our privacy during our time of grief,” the statement said.

Jobs started Apple with a high school friend in a Silicon Valley garage in 1976. In 2007 he created the revolutionary touch-screen iPhone. In 2010, Jobs introduced the iPad, a tablet-sized, all-touch computer. By 2011, Apple had become the second-largest company of any kind in the United States by market value.

In August, Job resigned as CEO of Apple and handed the reins to Tim Cook to carry on his vision.

Many fans are morning Steve Job’s loss by paying tribute with flowers outside Apple stores and outside his home in Palo Alto, California.