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When Steve Jobs died, Apple was worth $300 billion. Now it is worth $600 billion. So far, not only did Tim Cook live up to the expectations in Apple under Jobs
by TekMol 10y ago
When Steve Jobs died, Apple was worth $300 billion. Now it is worth $600 billion.
So far, not only did Tim Cook live up to the expectations in Apple under Jobs (which would mean to keep the company value at the same level) but he even overperformed 100%.
- 3chelon 10y agoI read somewhere recently that the exact same thing happened when Ballmer inherited Microsoft. As others have intimated, profits != future growth. The new owner can be very good at making money but will not tend to take risks, and there's the problem.
- eknkc 10y agoBut I think Tim Cook is taking some risks, big ones even. That might backfire, who knows.
- 1_2__3 10y agoI think you're mistaking interia for vision.
- creshal 10y agoRemember, this is the same investors who couldn't be arsed to check Pokemon Go's ownership before they overhyped (and subsequently crashed) Nintendo's stock. Market valuation does not indicate anything about the inner workings of a company, nor about its long-term prospects.
- denom 10y agoThere is a strong path dependency to how Apple is able to pull in record amount of profits. The fact is that any institution with considerable resources will be able to coast for a long time. Mediocrity can easily sustain Apple on Wall Street for the next 10 years.
- mikejmoffitt 10y agoWorth has a low-pass filter. The effect of change takes time to determine.
- kamaal 10y agoJobs left behind an inertia which these people sit and ride on. The true measure of the post-Jobs era will be when they will run out of that inertia and will be on their own. Which seems to be happening around these days.
- antisthenes 10y agoHas nothing to do with the CEO and everything to do with QE by the Fed. Many tech and near-tech companies doubled and even tripled in value since 2011.