- Tim Cook completes 5 years at the helm of Apple, Inc. today (August 24).
- Apple has taken many strides under his reign, strengthening its position as the world's most valuable company.
- One issue remains: Apple hasn't seen a successful new product launch in the Tim Cook era.
Tim Cook, CEO of Apple, Inc. (NSDQ:AAPL), will today complete 5 years at the helm of the Worlds most valuable company. Apple has made many strides, strengthening its claims as the world's most valuable company. Apple has seen its market capitalization grow by a huge $246B under Mr. Cook while doubling its 12-month sales and earnings. Cupertino's cash pile has more than tripled even though the company has undertaken the biggest share repurchase program in corporate history. Here is a chart summarizing, from a bird's eye view, Tim Cook's 5 years as the boss of Apple, Inc.
Source: Apple financials
While Apple has gone from strength to strength financially, there is a talk of Innovation dying at the world's most valuable company. The company hasn't launched a market disruptive product/technology for the last many years. With the iPhone contributing close to 65% of total revenues, Apple's biggest product segment is also being touted as its biggest risk. Apple needs to deliver a successful disruptive product sooner than later, or the low volume chatter of the lack of innovation could lead to a full blown freefall in Apple stock price.
What do you think of Apple's progress under Tim Cook? Do let us know in the comments section below.