Apple’s Tim Cook And Beats Jimmy Iovine Meet To Discuss Potential Partnership

Reuters is reporting that Tim Cook and Jimmy Iovine met in Los Angeles in late February to discuss Beats planned music streaming service. Along with Tim Cook was Eddy Cue, Apple’s Internet Products Chief, who was a key player in launching iTunes, and the discussions were regarding the business model Beats planned on using for its “Project Daisy” music streaming service. The meeting was more informational than serious as talks ranged between a variety of music-related topics. Apple has been rumored as of late to be in the works to create their own music streaming service to combat the likes of Spotify and Rdio and this meeting only cements its validity. Beats on the other hand has already expanded past its stylish headphones by working with HTC to have their hardware and software built into many of the Taiwanese company’s smartphones. 

Steve Jobs Resigns As Apple's CEO

And just like that, Steve Jobs resigns as CEO of Apple. Tim Cook, who has been with Apple for more than 13 years, has been appointed CEO of Apple. Steve Jobs will still be involved at Apple as the chairman of the board. Official press release has been announced by Apple today.

Here's Steve Jobs' official letter of resignation to the Apple Board of Directors:

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve