Aug 3, 2018

Tim Cook On Apple's $1 Trillion Market Cap: Is A Milestone But Not A Sign Of Success

Apple CEO Tim Cook commented on Thursday that the company's market capitalization of $1 trillion is a "milestone" but not a key symbol of a company's success. There are many places to be proud of, however, Apple will not concentrate on this topic. (Via Buzzfeed)


This view is not freshly, as Cook has always insisted that Apple's achievements are attributed to its core values of putting products and customers first. Cook instead thanked employees and said that it's their hard work and refusal to settle for less that makes Apple a great company.

Team,

Today Apple passed a significant milestone. At our closing share price of $207.39, the stock market now values Apple at more than $1 trillion. While we have much to be proud of in this achievement, it's not the most important measure of our success. Financial returns are simply the result of Apple's innovation, putting our products and customers first, and always staying true to our values.

It's you, our team, that makes Apple great and our success is due to your hard work, dedication and passion. I am deeply humbled by what you do, and it's the privilege of a lifetime to work alongside you. I want to thank you from the bottom of my heart for all the late hours and extra trips, all the times you refuse to settle for anything less than excellence in our work together.

Let's take this moment to thank our customers, our suppliers and business partners, the Apple developer community, our coworkers and all those who came before us at this remarkable company.

Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges -- and that the people who are crazy enough to think they can change the world are the ones who do. In today's world, our mission is more important than ever. Our products not only create moments of surprise and delight, they empower people all around the globe to enrich their lives and the lives of others.

Just as Steve always did in moments like this, we should all look forward to Apple's bright future and the great work we'll do together.

Tim

Cook took over Apple after Steve Jobs passed away. Jobs saved Apple from the brink of bankruptcy and went to success. Jobs’ biggest achievement “iPhone” made its debut in 2007 and became a major source of income.

Image Via CNBC.com

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