Nothing changes, he has not even been around much the past few years with sick leave and other things.
I will say the stock price will drop a little with this, but honestly this is actually the perfect time. You have a huge product launch in a few weeks (iPhone 5, new iPod line up, etc.) which will carry Apple for another 6-8 months. Also, he will still be on the board so he still can influence the company.
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