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Apple's Market Value Approached $ 2 Trillion!
According to the news in Bloomberg, Apple's market value, which rose 5 percent last week, approached $ 2 trillion!
Yazar: Tom Roberts
Yayınlanma: 11 Ağustos 2020 18:29
Güncellenme: 4 Kasım 2024 07:27
Apple's Market Value Approached $ 2 Trillion!
Steve Jobs handed over his top position in Apple management to Tim Cook nine years ago. The company has grown rapidly in the intervening period and has become the most valuable in the world. According to the news in Bloomberg, Apple's market value, which rose 5 percent last week, approached $ 2 trillion! This figure was $ 350 billion when Steve Jobs died. Hussein Kanji, a partner of venture capital firm Hoxton Ventures, recalled that when Steve Jobs died, he warned of Apple's long-term outlook. “This tech cycle has been much bigger than I expected. Among all stocks, Apple has become the largest cash-generating machine in history, ”he said.The increase in Apple stock was also a turning point for Tim Cook. The company's CEO entered the club of billionaires. According to the calculations made by the Bloomberg Billionaires Index, Cook's fortune exceeded $ 1 billion. Tim Cook will receive his ninth performance bonus as 560,000 company shares at the end of this month as CEO. Half of them will be detained due to taxes. But the remaining portion will allow Cook to increase his fortune by $ 100 million. The famous CEO said in a previous statement that he donated most of his assets to charities.
Tim Cook's stake as a CEO; It is extremely few compared to their colleagues such as Jeff Bezos, Mark Zuckerberg, Elon Musk. Cook currently owns about 0.02 percent of Apple shares. This is because the company's shares are much more widely distributed than other companies. For this reason, a billionaire emerging from within Apple is not an event that has been witnessed much.
Apple has not released a groundbreaking iPhone-like product in the last 10 years under Tim Cook's management. Despite this, the company performed extremely well. Cook personally led the development of services such as Apple Music for devices such as the iPhone X and Apple Watch. Tim Cook is also doing research on autonomous cars and augmented reality glasses.
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