technology giant apple inc AAPL has had several CEOs over the years, including co-founders, who have led the company Steve Jobs guided the company through a period of innovative products such as the iPod, iPhone and iPad. to fill with big shoes, Tim cook acquired Jobs in 2011. Here’s a look at how the stock has performed since then.
What happened: Jobs ran Apple from 1997 to 2011, helping to push the company into new territory with a focus on new products and innovation. Jobs announced in August 2011 that he was stepping down as Apple’s CEO. Jobs was replaced by Tim Cook, Apple’s chief operating officer. Jobs recommended the board select Cook for the role.
Jobs would die two months later in October 2011 from complications related to pancreatic cancer. Jobs left an iconic legacy and is widely regarded as one of the most innovative CEOs of all time.
With previous experience at IBM and Compaq Coupled with his tenure as Apple’s chief operating officer before becoming CEO, Cook brought new leadership to the role. While some investors and analysts were skeptical of Cook, he propelled the company to become the first $2 trillion public company.
Cook has been Apple’s CEO since August 2011 and has delivered one of the best stock returns over the same period.
Related link: 5 things you might not know about Apple CEO Tim Cook
Invest $1,000 in Apple stock: Apple shares traded at $373.52 on August 23, 2011, the last day Jobs ran the company.
A $1,000 investment at the time of Cook’s acquisition could have bought 2.68 Apple shares.
Apple stocks Splits 7-for-1 on June 9, 2014, converting the investment into 18.76 shares. Apple shares split 4-for-1 in August 2020, converting the investment into 75.04 shares.
The $1,000 investment would be worth $11,091.66 today based on a stock price of $147.81 at the time of writing. This figure also doesn’t take into account dividends paid over the years.
A $1,000 investment in…
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