Apple’s “market capitalization has doubled since Tim Cook was named CEO in August 2011,” Eric Slivka reports for MacRumors.

“Apple’s stock is up nearly 60 percent over the past year and up 24 percent since the company’s October 16 media event, which was followed just days later by a strong earnings report,” Slivka reports. “Looking forward, Apple is expected to show blockbuster iPhone sales for the holiday quarter, and Wall Street is anticipating continued strong performance into 2015 as Apple looks to add yet another product category to its mix with the Apple Watch.”

Read more in the full article here.

MacDailyNews Take: As we wrote back on April 24, 2012 (when Apple traded around $76 per share):

People who underestimate Tim Cook, earnestly or not, are like potholes that cause bags full of filthy, beautiful money to fall out of armored cars right into our laps.

[Thanks to MacDailyNews Reader “Dominick P.” for the heads up.]