Apple Inc CEO Steve Jobs speaks in London during the launch of the European iTunes online music store in this June 15, 2004 file photo. [Photo/Agencies]

Apple Inc co-founder and former CEO Steve Jobs, counted among the greatest American CEOs of his generation, died on Wednesday at the age of 56, after a years-long and highly public battle with cancer and other health issues.

Jobs' death was announced by Apple in a statement late on Wednesday.

The Silicon Valley icon who gave the world the iPod and the iPhone resigned as CEO of the world's largest technology corporation in August, handing the reins to current chief executive Tim Cook.

Jobs, who fought a rare form of pancreatic cancer, was deemed the heart and soul of a company that rivals Exxon Mobil as the most valuable in America.

"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," Apple said in a statement announcing Jobs' passing.

"His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his extraordinary gifts."

Apple Inc CEO Steve Jobs speaks in London during the launch of the European iTunes online music store in this June 15, 2004 file photo. [Photo/Agencies]