Apple's (AAPL) Steve Jobs Passes Away

After battling cancer and sickness for years, Apple (NASDAQ:AAPL) co-founder and former CEO Steve Jobs has died, according to the company.

In 2004 Jobs told employees he was being treated for pancreatic cancer, as weight loss and his looking sick generated questions as to his health, as well as the health of Apple at the time.

In 2009 it was discovered that Jobs had had a liver transplant while he had taken a six-month leave from the company, again generating concerns over the future of the company, which had relied on Jobs so much for its success.

The death of Jobs and the failure of its latest iPhone release are not a good sign for investors and the company going forward; as the combination of the two couldn't have come at a worse time, as the market is under immense pressure from the ongoing recession, which looks to be about to make a turn for the worst.

Jobs is survived by four children and his wife Laurene.