Bale, after much deliberation, came to the conclusion that he was not right for the part and withdrew, said The Hollywood Reporter.
Previously, Leonardo DiCaprio was in line to play Jobs before moving on to shoot 'The Revenant'. The film will be directed by Danny Boyle.
Aaron Sorkin's script is said to be divided into three acts that detail Jobs preparing for three presentations that came to define his life and the life of the company he co-founded, lost and came back to.