If You Invested $10,000 in Apple When Tim Cook Became CEO, This Is How Much You’d Have Today
From Nasdaq:
Apple (NASDAQ: AAPL) has been influential in the tech industry, largely credited to co-founder Steve Jobs, and current CEO Tim Cook, who has driven growth in the mobile economy. Apple’s innovative products, growth of its installed base, and services business have led to stock outperformance, though its pace of innovation has slowed.
Apple’s pace of innovation has slowed under Cook, with accessories making the biggest impact. However, the company has achieved significant growth in services revenue and a 1,270% stock increase since Cook took over as CEO.
Apple’s dominance of the consumer tech industry and growth in the smartphone market positions the company well for future success. While the stock commands a premium, Apple has proven itself and is well-positioned to outperform the market in the future, particularly with the potential success of the Vision Pro.
The Motley Fool Stock Advisor analyst team has identified 10 best stocks for investors to buy now, but Apple wasn’t one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002* but it’s essential to consider the investment carefully before buying stock in Apple.
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