How golden was Tim Cook's Apple?
Summary
Tim Cook is stepping down as Apple's CEO after 15 years. During his time, Apple’s stock price grew from $13.35 to $316.61, and the company became one of the most valuable in the world, with a market value of $4.7 trillion.Key Facts
- Tim Cook became Apple’s CEO in August 2011.
- Apple’s stock price increased by about 2,272% under Cook’s leadership.
- The company’s market value rose from $347 billion in 2011 to $4.7 trillion.
- Apple gained $32 million in market value every hour for 15 years, according to Bank of America.
- Cook shifted Apple’s focus from just making devices to building services like the App Store, iCloud, Apple TV, Apple Music, Apple Pay, and Apple News+.
- Apple now has over 1.5 billion paid subscriptions on its platforms.
- In the most recent quarter, Apple’s services made $30.7 billion, a 12% increase from the previous year.
- The company faces a new challenge in adapting to developments in artificial intelligence (AI).
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