How golden was Tim Cook's Apple?
Under the CEO, Apple's market cap grew by an estimated $32 million an hour for 15 years.
TL;DR
- Tim Cook is handing over leadership of Apple after 15 years.
- Apple's stock grew 2,272% from $13.35 to $316.61 under Cook.
- The company's market cap increased from $347 billion to $4.7 trillion.
- Cook shifted Apple from a device maker to a recurring-revenue business through services.
- Apple has over 1.5 billion paid subscriptions and its services business generated $30.7 billion last quarter.
- Navigating the AI era is the next challenge for Apple.
- Steve Jobs' earlier leadership period saw greater stock growth.