Apple is reporting that co-founder Steve Jobs56 has died after a lengthy battle with cancer and other complications resulting from a 2009 liver  transplant.

Our sincere thoughts and prayers to his family and friends.

Apple released the following statement [via TMZ]

"Apple has lost a visionary and creative genius, and the world has lost an amazing human being. 

Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple."

His family confirmed that the mogul was surrounded by family and friends when he passed and that it was peaceful. They released a statement:

"We are thankful to the many people who have shared their wishes and prayers during the last year of Steve’s illness; a website will be provided for those who wish to offer tributes and memories."

The statement concludes, "We are grateful for the support and kindness of those who share our feelings for Steve. We know many of you will mourn with us, and we ask that you respect our privacy  during our time of grief."

…..story developing we will keep you posted.