J.P. Morgan Comments On Steve Jobs Resignation At Apple

According to J.P. Morgan, Apple AAPL is built to last. J.P. Morgan said that iconic CEO Steve Jobs resigned from his post Wednesday. “Effective immediately, COO Tim Cook has taken the reins as Apple's CEO. Mr. Jobs has been elected as Chairman of the Board. We expect the news to create an attractive entry point for investors looking to add or build bigger positions in Apple.” Apple closed yesterday at $376.18.