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

First Posted: 08/25/11 01:00 PM ET Updated: 10/25/11 06:12 AM ET

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Bloomberg:

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 the whole story: Bloomberg

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While investors have twitched at news of Steve Jobs' resignation as Apple's CEO this morning, it's an overdue move that clears the way for a well-earned retirement and the destruction of the myth that Jobs is some kind of Atlas.

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