TECH
08/25/2011 12:00 pm ET | Updated Oct 25, 2011

Steve Jobs Exit As Apple CEO May Be New Lease On Life For Sony, Nokia

Sony and Nokia were among Apple rivals whose shares advanced during Asian and European trading amid speculation Jobs’s withdrawal may increase their ability to compete in products ranging from smartphones to tablet computers. Jobs, who will be replaced by Chief Operating Officer Tim Cook, rescued Apple from the brink of failure and turned it into the world’s biggest technology company.

Read more on Bloomberg