Post-turtle neck era... Tomorrow marks the 10-year anniversary of Tim Cook becoming Apple's CEO, replacing founder Steve Jobs. Jobs was a creative visionary who pioneered the revolution from the PC to mobile era. Cook has been more of an operational magician. But how has the tech giant changed under his reign? A big part of it is Cook's ability to scale.
Tim Cooking in the kitchen... iPhone is still the core of Apple, and brings in more than half its sales. But Apple's biggest shifts under Cook have been scaling services and elevating privacy.
Tech has taken over the market... When Jobs was CEO, the top five most valuable companies in the Fortune 500 were: Exxon, Apple, Microsoft, Chevron, and Berkshire Hathaway. Now, the top five most valuable companies are all tech: Apple, Microsoft, Amazon, Google, and Facebook — and they make up 23% of the S&P 500's total value. Tech companies have contributed to an explosion of wealth. Think: jobs, apps, and soaring stock prices. But their immense scale and power has raised concerns among lawmakers and consumers, leading to growing antitrust measures around the world today.