“Tim Cook is celebrating five years as the CEO of Apple this week,” Kaya Yurieff reports for TheStreet.
MacDailyNews Note: Steve Jobs resigned five years ago tomorrow.
“‘He gets very little credit for what he’s accomplished, I believe,’ TheStreet‘s Jim Cramer said on CNBC’s Squawk on the Street this morning,” Yurieff reports. “Cook ‘has a service stream revenue that’s going to be north of $28 billion next year… that people say he backed into,’ Cramer added. ‘Even something good, they say ‘well he didn’t intend on that.’ Hello is the guy not cerebral?’ Cramer asked… ‘I think that there’s opportunity. I think the service stream is a very lucrative earnings per share service stream, great margins.'”
Read more in the full article here.
MacDailyNews Take: As we wrote last October:
Too many people do not realize how lucky we are that Tim Cook is CEO of Apple Inc. No matter what else Cook does, as long as he holds his ground on this issue [strong encryption], he’s one of the greatest CEOs in history. We need and are lucky to have a man with a strong backbone to stand up to this constant pressure from misguided government spies who’re hell bent on running roughshod over the U.S. Constitution and U.S. citizens’ rights.
If we have to wait a bit too long for too many Macs, endure counterproductive iPhone naming, perpetually half-baked Apple TVs, etcetera, we’ll do it because of the above (while prodding Cook to do better in those areas).
SEE ALSO:
Tim Cook’s Babe Ruth moment: Calling services biz ‘Fortune 100’ over a year in advance – July 27, 2016
Tim Cook: Apple’s services business alone will be the size of a Fortune 100 company by next year – July 26, 2016