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Photo: AP Steve Jobs during one of his presentations to the media earlier this year. Tim Cook, who was the Apple39。s chief operating officer, has bee the pany39。s chief executive. This is the VOA Special English Economics Report. The chief executive who presented the latest, and coolest, electronics to the world has stepped down. Steve Jobs announced his resignation as head of Apple in a letter last week. He wrote: I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple39。s CEO, I would be the first to let you know. Unfortunately, that day has e. Steve Jobs and Steve Wozniak started Apple Computer in nieen seventysix. The pany sold a new kind of electronic device: the personal puter. Apple Computer grew more quickly than anyone could have imagined. In nieen eightyfive, however, Steve Jobs resigned after disputes with managers who had been brought in to direct business operations. He soon started his own software pany, NeXT, and bought a puter animation studio. The Pixar movie studio would go on to create movies like Toy Story and Finding Nemo. They are two of the most successful animated films ever made. Apple struggled during the nieen niies. Many products failed. The pany began losing money and its stock price sank. In nieen niyseven, Apple bought NeXT and brought back Steve Jobs. Apple used software developed at NeXT to create the Mac OS puter operating system. The next year, Apple became profitable. And a series of highly successful products followed. In two thousand one, Apple released the iPod, a digital music player. The iPhone arrived in two thousand seven. Apple has also been a leader in online marketing. The iTunes Music Store sells songs for download. The App Store sells applications for puters and mobile devices. As Steve Jobs has noted, trial and error has always been part of the Apple model. STEVE JOBS: We just try to build products we think are really wonderful and that people might want. And, sometimes we are right and sometimes we are wrong. Steve Jobs is closely linked with the success of Apple. Investors were scared when he announced he had an operation for pancreatic cancer in two thousand four. His decision to leave es as Apple continues to release winning products. Apple sold over four and a half million iPads in the first three months of this year. The pany holds the largest share of the growing tablet puter market. On August ninth, Apple first passed Exxon Mobil Corporation to bee the most valuable publicly traded pany in the world. Since then the two panies have traded the lead. And that39。s the VOA Special English Economics Report. I39。m Mario Ritter. ____ Contributing Carolyn Presutti Photo: AP Two men use a boat to get down the street in Manteo, North Carolina Saturday, August 27. This is IN THE NEWS in VOA Special English. Emergency crews in the eastern United States are still working to help people affected by Hurricane Irene. The hurricane struck the coast of North Carolina with winds of up to one hundred twenty kilometers an hour last Saturday. The storm weakened as i