In January 2004, Fiorina announced an agreement with Apple founder Steve Jobs for the iPod+HP—a co-branded iPod sold through HP's retail channels. As part of the agreement, HP was forbidden from selling a competitor to the iPod until August 2006 and HP agreed to pre-install iTunes on every computer sold. Two days before Fiorina announced the HP+iPod, Jobs announced a new product, the iPod mini, catching Fiorina off guard. HP did not sell the newer versions of the iPod in a timely fashion, leaving them to sell an outdated device for several months. In addition, Apple began selling its own iPods through the same retail channels. As a result, at the peak of the program, iPod+HP sales represented only a small portion of total iPod sales. In July 2005, soon after Fiorina resigned as CEO, her successor Mark Hurd ended HP's agreement with Apple, within days of taking office, a "highly symbolic decision" that was well-received as a return to innovation by HP.