Apple stock doubled over past four years

Apple stock doubled over past four years

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CEO Tim Cook has led the way

Apple can certainly say that the year 2015 has gotten off to a good start for them. The company recently announced record earnings during the fourth quarter of 2014. 2015 has seen the company announce that the Apple Watch will be coming on to the market and start shipping in April and they will also be releasing a new 12 inch MacBook Pro Air. Apple CEO Tim Cook has also announced that 74.5 million iPhones were sold over the recent holiday season. It has been that kind of superiority by Apple that has seen its stock double over the past four years since Tim Cook took as the chief executive officer.

Tim Cook took over as the head of Apple on August 24, 2011 after Steve Jobs was battling cancer and his health was taking a turn for the worse. Analysts believed that with the end of the Jobs era would mean a decline in the sales and market leverage that Apple had. That has been far from the truth. A little less than a year ago, Apple announced a 7:1 stock split for shareholders. Apple closed at $53 the day Cook took over. Apple currently is trading at $117 a share. A nice increase indeed.

The past two years have seen a big spike in the Apple stock price. Investors have been bullish on Apple due to the success of the iPhone and now with the Apple Watch getting ready to see its release, well the stock price should increase even more. This is what Tim Cook and everyone at Apple is banking on. If the Apple Watch is able to succeed like most analysts are saying, there could be a chance that Apple could break their earnings record here in the near future and could easily become a rare trillion dollar company.

Source: businessinsider

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