It has been one year (on August 24) Tim Cook was appointed the CEO of Apple to replace Steve Jobs. On August 24, 2011 Steve Jobs named Cook the new CEO as he resigned.
The first year has been very successful for Tim Cook. Immediately after taking office, Apple’s revenue had continued to go in the upward trend. Recently Apple’s market value is valued more than the values of internet and tech giants Google and Microsoft, combined. Google and Microsoft are the two biggest competition in Apples smartphone and computer operating system business. While Google’s Android and Microsoft’s Windows OS have a way bigger market share in the respective platforms, Apple has smaller unit market share but way bigger revenue share.
Tim Cook’s some important milestones in his first year in office:
- August 24, 2011 – Steve Jobs resigned and suggested Tim Cook as the new CEO of Apple.
- October 4, 2011 – Cook unveils iPhone 4S with Siri, iPhone personal assistant
- October 5, 2011 – Steve Jobs died
- February 13, 2012 – Apple stock reached $500 per share – the value of the company reaching $500 billion.
- March 7, 2012 – Apple released 3rd-generation iPad.
- August 20, 2012 – Apple leaves behind Microsoft as the company with the largest market capitalization