Apple CEO Tim Cook’s 15-Year Legacy by the Numbers

iw[3cu71p)ndu[s35d274ojh_media_dl_5.png Bloomberg, company filings

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(Bloomberg) — Fifteen years after succeeding Steve Jobs, Tim Cook is handing over the top leadership position at Apple Inc. to hardware specialist John Ternus. The outgoing chief executive officer, who’ll stay on as executive chairman, built up an unprecedented record of success over his tenure. Here are some of the numerical highlights.

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$3.66 Trillion

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Cupertino, California-based Apple was already a hugely influential company back in 2011, but with Cook as CEO the company grew its market capitalization tenfold. Valued at just under $350 billion on Aug. 24, 2011 — when Cook took over — it was the first to set several new highs for market valuation and currently sits at $4.01 trillion. Apple’s market value is today roughly equivalent to the size of Britain’s economy, the world’s fifth largest. Remarkably, that lofty number isn’t enough to make Apple the most valuable business, as Silicon Valley peers Alphabet Inc. and Nvidia Corp. have pulled ahead in the AI age.

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699%

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The fiscal year ending September 2025 brought in $112 billion in net income for Apple, eight times what the company achieved in September 2010. That 699% profit improvement has come despite a plateauing of smartphone sales, the Covid crisis, supply chain snarls and geopolitical tensions between the US and Apple’s main manufacturing base, China.

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Cook expanded the budding iPhone and App Store ecosystem with a succession of complementary devices, from iPads at various sizes to Apple Watches at multiple price points and an expansive range of Made for iPhone accessories. Under his leadership, Apple never returned to the nomenclature of starting new product names with “i”, but he did everything to maximize the earning potential of that portfolio.

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“When Tim Cook came over, there was a ton of doubt,” said Gerber Kawasaki Wealth and Investment Management co-founder and CEO Ross Gerber. But “he’s done a phenomenal job over the years.”

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2.5 Billion Devices

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Apple in January reported it has an installed base of more than 2.5 billion active devices. The company sold its billionth iPhone in the summer of 2016, when Cook held up the boxed handset at a staff meeting. “We never set out to make the most, but we’ve always set out to make the best products that make a difference,” the CEO said at the time.

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The most recent holiday period was a record across several company metrics: revenue, iPhone sales and income from services. While Cook hasn’t broken much new ground with entirely novel products — the Apple car project was scrapped and the Vision Pro remains a niche — he’s built up a cohesive ecosystem that keeps people coming back for more.

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540 Stores

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Cook inherited one of the world’s most-respected retail operations, and built it up. He’s added roughly 200 stores to Apple’s global network and, importantly, expanded its mainland China presence dramatically. Apple now has 50 stores across locations like Chongqing, Guangdong, Hubei and Yunnan, reaching vastly more consumers in the world’s biggest market for smartphones and PCs. Apple’s success in China stands out among US Big Tech peers, with many like Google and Meta Platforms Inc. largely shut out from the consumer arena.

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$1,070 Average Price

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In 2017, Apple and Samsung Electronics Co. made the fateful decision to test the $1,000 boundary for smartphone pricing. The two global leaders both introduced devices that for the first time nudged up against and, with upgrades, pushed beyond that threshold. Each year since then has produced pricier options and additions — with Apple’s expansion into Pro and Max variations of the iPhone leveling up the average selling price each year.