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How Apple and Its Stock Performed During Tim Cook's Time as CEO [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Apple's market capitalization has climbed from $347 billion to $4 trillion during Tim Cook's time as CEO. A $1,000 investment in Apple the day Tim Cook became CEO would be worth about $20,316 today. The same $1,000 in an S&P 500 index fund: about $6,037, without accounting for fees. Still, among Magnificent 7 stocks, only Meta and Microsoft turned in smaller gains during the period, and Apple trails Nvidia and Alphabet on the list of most valuable companies by market cap. When Steve Jobs named Tim Cook as his successor in August 2011, the immediate reaction among investors wasn't positive. The executive known for his work on supply chains was replacing the visionary, a tough act to follow. Late Monday, Apple ( AAPL ) announced Cook would step down as CEO on Sept. 1, ending one of the most profitable runs in corporate history. Cook, 65, will stay on as executive chair Shareholders have been richly rewarded. Investors who put $1,000 into Apple stock when he started would now
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- Apple just named its next CEO—and Tim Cook is passing down the same advice Steve Jobs once gave him [Yahoo! Finance][Yahoo! Finance]
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