Founder and CEO of Apple, Steve Jobs, resigned from his position yesterday - effective immediately. Jobs has been battling some health issues which are affecting his ability to uphold the duties expected of him.

Rollingstone.com reports Tim Cook (former chief operations officer) will take over the position of CEO. Jobs will remain as chairman of the board.

Steve was responsible for some of our most beloved electronics, such as: the iPhone, iPad, iPod, we can't forget about Apple II and Macintosh and he of course was a pioneer in the distribution of digital music.

Without Steve Jobs, there is a lot of speculation whether or not Apple will be able to stay as successful as it has been, though one thing is for sure, Steve broke ground in the tech world over and over and will always be remembered for doing so.