“Since then, Cook has presided over Apple’s continued meteoric rise — and its first speed bumps,” Frommer reports. “Under Cook, Apple has built its biggest business — by far. The company he inherited from Jobs was just about to pass $100 billion in annual (fiscal 2011) revenue and $25 billion in profit. By fiscal 2015, it would more than double, to $234 billion in revenue and $53 billion in profit.”
Frommer reports, “This summer, Apple shipped its billionth iPhone — not bad for a business that didn’t exist a decade ago.”
Read more in the full article here.
MacDailyNews Take: In those five years, Apple’s headcount has more than doubled. That’s a lot to absorb with very little outward appearance of growing pains.
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