"It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company, Cook said in a letter posted on the company's website."
"Under Cook's leadership, Apple has grown from a market capitalisation of approximately $350bn to $4 trillion, representing a more than 1,000 percent increase."
"Cook leveraged the popularity of the iPhone and other breakthroughs orchestrated by his predecessor to lift Apple to heights that seemed unfathomable when it was on the brink of bankruptcy in the mid-1990s."
Tim Cook will transition from CEO of Apple to executive chairman on September 1, passing the CEO role to John Ternus. Cook's tenure saw Apple's market value increase by over $3.6 trillion, driven by the iPhone and other innovations. He joined Apple in 1998 and became CEO in 2011, overseeing significant product launches and revenue growth. Under his leadership, Apple's market capitalization rose from $350 billion to $4 trillion, with annual revenue increasing from $108 billion in 2011 to over $416 billion in 2025.
Read at www.aljazeera.com
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