Steve Jobs’ successor is making his mark and trying to keep the Apple magic going.
From the article.
Considering the widespread handwringing over how rudderless Apple would be without Jobs, it is remarkable how steadily the company has sailed along without him. Wall Street in particular has good reasons — billions of them, actually — to love the Cook regime. “The numbers speak for themselves,” says Katy Huberty, Morgan Stanley’s Apple analyst. The company’s market value, for example, is up some $140 billion since Cook took over. At a market cap of about $500 billion, Apple is more valuable than Exxon Mobil (XOM) by $100 billion — despite Apple’s shares being down 15% from their peak. In the three quarters since Cook become CEO, Apple has reported $31 billion in profits and shipped 89 million iPhones and 38 million iPads, all exceeding Wall Street’s expectations and continuing, by and large, to delight an adoring customer base. “By any quantitative measure, so far his performance is phenomenal,” says Bill Shope, a Goldman Sachs research analyst.
See on tech.fortune.cnn.com
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