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Apple’s success and failure in the “Tim Cook dynasty”

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Tim Cook

Apple stock has risen nearly 1,200% over the past decade.

Becoming CEO of Apple since 2011, Tim Cook has built a large ecosystem, strongly influenced the global technology industry and brought the group’s market value to the milestone of 1 trillion USD.

Tim Cook

Mr. Tim Cook became CEO of Apple a decade ago. Photo: CNBC.

For investors who’ve held Apple stock since Tim Cook took over as CEO, the reign has been a huge financial win: Apple stock has surged nearly 1,200% over the past decade. past century.

According to CNBC, if you spent $1,000 buying Apple stock on the day Tim Cook became CEO in 2011, the shares you hold in your hand are worth up to $12,970.28. In other words, a $1,000 investment in the S&P 500 index, which yielded only 365.9% over the same period, is now worth $4,659.

Over the past decade, Apple hasn’t launched too many new products. Apple Watch and AirPods launched in 2015 and 2016 respectively are the two most notable new products that Apple launched under Tim Cook. The rest of the new products are only in the form of annual iPhone, iPad and Mac computer upgrades.

Tim Cook

No CEO in history has generated as much total shareholder value as Mr. Tim Cook. Photo: Refinitiv Datastream.

However, CEO Tim Cook has helped boost Apple’s profits by taking full advantage of its massive loyal users, making them an important and steady source of revenue through services like Apple Music and iCloud.

Revenue from Apple’s services business (which includes the Apple News+ magazine service and the Apple TV+ streaming app) jumped from $2.95 billion in fiscal 2011 to $53.77 billion in fiscal 2020.

CEO Tim Cook over the past decade has turned Apple into a real “giant”. Revenue hit a record $111 billion in the second quarter of 2021, four times what the company had in the same quarter of 2011. Profits also more than quadrupled from $6 billion in the first quarter of 2011 to $28.8 billion. USD in the first quarter of 2021. Apple is holding nearly $200 billion in cash, up from $76 billion 10 years ago. Not only that, the staff size also increased to 147,000 full-time employees from 60,400 in the year Steve Jobs resigned.

Under the leadership of Mr. Tim Cook, Apple’s market capitalization increased from 349 billion USD to 2,450 billion USD. Apple was the first public company in the US to reach the $1 trillion mark in market capitalization in 2018, and just two years later has conquered the $2 trillion milestone.

As of June 2021, Apple earns an average of $10,000 per second. During the period from 2013 to 2018, iPhone sales each year were higher than the total iPhone sales in the five years Steve Jobs was in power.

For some, the money Apple earns alone is proof that CEO Tim Cook is hugely successful. But financial performance is only half the story. If we hope that Tim Cook is a product visionary like Steve Jobs, perhaps Apple’s achievements will be less impressive.

When Tim Cook took over, Apple had a market value of $349 billion. Today, it’s worth $2.5 trillion, more than any other listed company ever. Photo: The Economist.

Apple under the reign of Tim Cook has not really released a world-changing hardware product like the iPhone, iPad or Mac, but mostly iPhone accessories like Apple Watch and AirPods.

“Steve is pretty adamant that a big screen phone isn’t something we’re going to do,” said technology analyst and former Apple chief marketing officer Michael Gartenberg. we can afford it, so Apple will do it.”

Clearly, after ten years at the helm of CEO Tim Cook, Apple has become a bigger and better version of itself. However, that does not mean that Apple is an impregnable entity. The three prominent challenges facing the company are: growth, geopolitics and competition.

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Ronaldo Asks Man Utd board to Replace Solskjaer with Zidane

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C.Ronaldo requests for zidane as coach
photo: sports/Peachright.com

Ronaldo Asks Man Utd board to Replace Solskjaer with Zidane

According to El Chiringuito, Cristiano Ronaldo has advised Manchester United’s board to replace Ole Gunnar Solskjaer with Zinedine Zidane.

Following a 4-2 loss to Leicester City on Saturday, Solskjaer has been under greater scrutiny.

The Red Devils have lost three matches in the Premier League.

United’s leadership is said to have given Solskjaer their full support, believing the 48-year-old would enhance the team’s performance.

Senior officials at Old Trafford, on the other hand, are weighing their alternatives and have identified him as a viable contender, based on Ronaldo’s proposal.

According to the report, Zidane has met with United’s management, but he is interested in succeeding Didier Deschamps as France’s new head coach.

It’s also been reported that Zidane was approached by both PSG and Newcastle United, but the former Real Madrid manager declined both offers.

 

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Tinubu will be a presidential candidate for the APC, according to a lawmaker

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BOLAJI TINUBU AND PRESIDENT MUHAMMADU BUHARI
Photo credit: STEFAN HEUNIS/AFP via Getty Images

Tinubu will be a presidential candidate for the APC, according to a lawmaker.

Hon Gbolahan Yishawu, a member of the Lagos State House of Assembly, has stated that the state chapter of the All Progressives Congress, APC, is ready to nominate Bola Tinubu, the party’s national leader, as its presidential candidate in 2023.

The outcome of Saturday’s State Congress, according to Yishawu, demonstrated that they were ready to appoint Tinubu the APC’s flag bearer.

The legislator, who represents Eti-Osa II, made the statement immediately after the congress, which took place at Lagos State’s Mobolaji Johnson Arena Stadium.

The success of the Congress, according to Yishawu, demonstrated that internal democracy was here to stay.

He praised party members for maintaining peace and order throughout the congress’s conclusion.

“As you can see here, everything is peaceful and orderly, and the rules and regulations of the party are being played according to the party’s constitution, and we are upholding all democratic and pragmatic stakeholders of today, internal democracy is working in the All Progressive Congress party,”

he said.

“For us in Lagos State, the Congress demonstrates that we are one and unified, and that we can galvanize ourselves, and by God’s help, our wish is for our leader, Aisiwaju Bola Tinubu, to be the party’s presidential candidate in 2023.”

Tinubu is rumored to be eyeing the presidency in 2023.

Posters have been seen in certain states, and a campaign office has been established in Abuja.

Despite the outpouring of support from his fans, the former governor of Lagos State has stayed mute about his presidential ambitions.

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Oko Chukwu, the Deputy Governor of Abia, salutes Ikpeazu, at 57 and pledges his support.

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Okezie Ikpeazu deputy Oko Chukwu
photo: commons.wikipedia.org

Oko Chukwu, the Deputy Governor of Abia, salutes Ikpeazu, at 57 and pledges his support.

Rt. Hon Ude Oko Chukwu, the Deputy Governor of Abia State, has praised his boss, Governor Okezie Ikpeazu, for their overall cordial relationship and synergy.

He restated his sincere commitment to continue to support and collaborate with Ikpeazu in all of his efforts to provide the people of the state and Nigeria with a strong and effective democratic government.

The praise was contained in a statement issued by the Deputy Governor and made available to journalists in Umuahia on Sunday by his Chief Press Secretary, Obasi Okibeh Onwukah, congratulating Governor Ikpeazu on his 57th birthday on Monday.

Oko Chukwu said it was thrilling to be a part of the Abia administration, which has been led by Governor Ikpeazu since 2015, especially because of the state’s historic successes in all areas of the economy, which have substantially improved the state’s face and fortunes.

According to him, there are a thousand and one plausible reasons to thank and appreciate God for the clean bill of health he has bestowed upon the State Chief Executive, adding that his entire family is relying on God’s divine assurance to confidently declare that Kinetic Governor will continue to celebrate many more glorious birthdays ahead in stronger and healthier condition.

While congratulating him on his 57th birthday, the Abia Deputy Governor prayed that God Almighty would sustain and empower him in everything that he does in order to positively and effectively lead Abia State to higher heights for the glory of God and the common welfare of humanity.

Meanwhile, President Muhammadu Buhari congratulated Governor Ikpeazu on his 57th birthday milestone on Sunday.

To honor the Abia Governor, the President joined the whole Ikpeazu family, their friends, and acquaintances.

Femi Adesina, the Special Adviser to the President on Media and Publicity, made the announcement on Sunday.

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