Decade after Jobs' death, has Apple traded magic for profit?

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Ten years after Apple founder Steve Jobs' death, the firm has grown into a colossus of devices and services that is the world's most valuable company, but the tech legend's diehard fans lament its lost aura of revolution.

"Apple doesn't innovate anymore" or "Steve Jobs is turning in his grave" are the type of disillusioned tweets that pop up especially during product launches led by Tim Cook, who took Apple's reins in August 2011.

Apple has indeed diversified by adding many services carefully integrated into its devices: music, payments, videos and games. In any case, the company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago -- and is worth $2.358 trillion today.Like many observers of the Californian behemoth, and unlike some fans of Jobs, he believes that Apple has never stopped inventing. "I think Apple evolved with time and so has Cook, and I think the one thing that Jobs was a huge believer in was innovation organically," said Ives.

But it is in the sights of European and US regulators who view the behemoth's dominance and global reach with extreme suspicion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines