The death of the charismatic computer genius was announced by Apple, a company with a market capitalisation of over USD 350 billion. Apple had only a day earlier unveiled its latest iPhone, the gadget that transformed mobile communications.
In a brief statement, Apple's Board of Directors said: "we are deeply saddened to announce that Steve Jobs passed away today."
"Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve."
Jobs, who started Apple with high school friend Stephen Wozniak in 1976 in a suburban California garage, leaves behind wife Laurene and their three children. He also has a daughter from a relationship before his marriage in 1991.
In a stunning move in August that had taken the technology world by surprise, Jobs had resigned as CEO of the technology giant and named Tim Cook as his successor.
The iconic technocrat was diagnosed with a rare form of pancreatic cancer in 2004 and underwent a liver transplant in 2009.
He died of complications from pancreatic cancer in Palo Alto, California, surrounded by his wife and immediate family.
US President Barack Obama condoled Jobs' death, saying "the world has lost a visionary. And there may be no greater tribute to Steve's success than the fact that much of the world learned of his passing on a device he invented."
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