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is probably the most extremely valued firm on the planet, with a market cap of greater than $2 trillion. Nonetheless, it’s displaying astonishing progress. March-quarter gross sales rose 54%—a nine-year report. Demand is hovering throughout its companies, from iPhones, iMacs, and iPads to wearables and providers.
A few of this displays pandemic dynamics: PC demand has surged with the shift to a work-from-anywhere world, and the consequences may linger even because the economic system reopens. However credit score additionally goes to CEO Tim Prepare dinner, 60, who will mark his tenth yr as chief in August.
Prepare dinner has added new product classes whereas strengthening ties amongst Apple’s hardware, software, and providers choices. He’s additionally the purpose man on tough coverage points, defending the App Retailer in offering software to iPhone customers, taking over
over privateness points, and thoroughly managing the corporate’s place in China.
For traders, one query is whether or not Prepare dinner will leap into the automotive market, competing with
and others in electrical automobiles. Apple already generates greater than $350 billion in annual gross sales. To continue to grow, it wants massive goal markets. Like automobiles.
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