Tim Cook wants everyone to chill just a bit.
In a memo sent to employees and Watch In the Morning of La Petite Mort Onlineobtained by Reuters, Apple CEO said it's alright to be proud of the company reaching a $1 trillion market capitalization, but pointed out it was "not the most important measure" of success.
SEE ALSO: This is probably what Apple's upcoming iPhones will look like"Financial returns are simply the result of Apple’s innovation, putting our products and customers first, and always staying true to our values," Cook wrote.
Cook is correct in his assessment that market cap alone is not the best measure of success -- all one needs to do is read up on Petrochina, the Chinese oil giant that reached a $1 trillion market cap in 2007, only to lose nearly four fifths of its value by the end of next year. But Apple's success did not come overnight; it's a testament to the company's ability to continuously beat analysts' predictions and turn a profit, quarter after quarter, year after year.
Cook's comments come after a stellar fiscal third quarter -- the best in the company's history -- in which Apple posted a revenue of $53.3 billion and net income of $11.5 billion. The company's stock price closed at $207.39 on Thursday following the earnings report, making Apple the first-ever, publicly traded U.S. company to reach a $1 trillion market cap.
In the memo, Cook also gave a nod to the guy that started it all -- Steve Jobs.
"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 that they can change the world are the ones who do," he wrote.
Topics Apple
NYT Strands hints, answers for November 24BYU vs. Arizona State football livestreams: kickoff time, streaming deals, and moreBlack Friday deal: Get $150 off the JBL PartyboxTitans vs. Texans 2024 livestream: How to watch NFL onlineBest dash cam deals: Save on brands like Nextbase, Garmin, and more.49ers vs. Packers 2024 livestream: How to watch NFL onlineBest PS5 deal: Save over $70 on PS5 SlimBest Black Friday robot vacuum deals: The top vacs from iRobot, Roborock, and Shark at recordDictionary.com crowns 'demure' its 2024 Word of the YearWhen is Genmoji coming out?NYT Strands hints, answers for November 23Ruggable Holiday Steals Sale: Get 20% off washable festive rugsAndrew Tate 'online university’ suffers breach: 800,000 users' data exposedBest Black Friday Floorboard Deal: Free Eminence IR Sampler PackIndiana vs. Ohio State football livestreams: kickoff time, streaming deals, and moreEagles vs. Rams 2024 livestream: How to watch NFL onlineOrlando Magic vs. Detroit Pistons 2024 livestream: Watch NBA for freeGet the JLab JBuds Lux for $29 at WalmartLions vs. Colts 2024 livestream: How to watch NFL onlineBlack Friday deal: Get $150 off the JBL Partybox Ericsson pulls out of MWC due to 'health and safety' concerns from coronavirus 'P.S. I Still Love You' is a worthwhile sequel to 'To All the Boys' Liberals trolled Trump with 'President Bannon' and it totally worked Intel, Vivo and NTT withdraw from Mobile World Congress This mother's face after delivering an 11 Facebook, Twitter won't delete Trump's deceptively edited Pelosi video Vladimir Putin HATES this meme so much Russia banned it Oscars 2020: The full winners list Tesla's Elon Musk trashes WhatsApp as coming with 'a free phone hack' Airbnb host banned after sending racist messages to Asian woman Welp, it looks like Antarctica broke its temperature record Netflix dumping its autoplay trailers is a wakeup call for tech Hillary Clinton reveals her favorite meme on the internet Man kicked out of city council meeting for trying to recreate Kendall Jenner's Pepsi ad Motorola addresses Razr durability concerns in a video and explanation Mobile World Congress will be a ghost town this year Mac Pro with 1.5TB of RAM tackles Google Chrome and its insatiable lust for memory You simply must see these celebrities lose themselves during Eminem's Oscars performance Motorola Razr fails CNET's durability test, 'breaks' after only 27,000 folds Artists are paying tribute after the death of beloved DeviantArt star Qinni
1.5352s , 8206.59375 kb
Copyright © 2025 Powered by 【Watch In the Morning of La Petite Mort Online】,Information Information Network