Tim Cook has completed 8 years as CEO of Apple as of August 24, 2020.
Even though Cook has not publicly commented on his 'CEO-versary', we are sure he must be in good mood these days. Last week, the company made history as it became the first publicly traded company U.S. company to reach a $2 trillion market cap.
Not only that, under Cook's leadership, the company was the first to reach $1 trillion on August 2, 2018 beating other tech giants like Amazon (AMZN) - Get Report, Microsoft (MSFT) - Get Report and Alphabet (GOOGL) - Get Report, which also have reached that milestone now.
Apple's current valuation is the perfect indicator of Cook's successful leadership, as it was under $400 billion when he took the baton from late Steve Jobs in 2011.
When Steve Jobs stepped down, he recommended to the Apple's Board to have Cook fill his shoes,
"As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple," Jobs said, in a letter to Apple's Board of Directors. "I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role."
Steve Jobs is often considered as one of the visionary business leaders whereas Tim Cook is credited for the rapid growth of the company.
Cook is credited for the success of the Apple Watch and AirPods, which debuted in 2015 and 2016, respectively.
TheStreet's Daniel Martin's one of the recent articles, Apple Stock Stock: The Road That Led To $2 Trillion, mentioned those products as key developments that helped Apple's growth.
"While the Apple Watch became a dominant force within the smartwatch market, the AirPod came out of left field to create another, perhaps unexpected source of aggressive growth for the Cupertino company," Martin noted.
Tim Cook was 37 when Steve Jobs hired him as Senior VP of WorldWide Operations in March 1998.
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