Tech News
← Home  ·  All topics

Apple Stock

2 GoKawiil briefs on this topic

Apple stock hits new all-time high three weeks into John Ternus's tenure as CEO

Apple shares briefly touched $345.34 shortly after markets opened, topping the previous intraday record of $344.57 set in July. The milestone comes just three weeks after Tim Cook handed the CEO role to John Ternus, with shares having recovered from post-earnings losses and a shaky start to the transition.

Apple's incoming CEO John Ternus urged not to chase Tim Cook's stock returns

Bloomberg reported that Apple shares delivered a 2,736% total return during Tim Cook's tenure as CEO, growing the company from a $350 billion business to a $4.6 trillion one. Commentary responding to that data argues incoming CEO John Ternus shouldn't feel pressure to replicate those numbers, pointing to Steve Jobs' and Cook's own philosophy that financial results should follow great products rather than be pursued directly.