It’s pretty much the same Apple iPad tablet — except it’s lighter, cheaper, and fits comfortably in one hand.
That’s how Apple CEO Tim Cook introduced the newest member of the iPad tablet lineup, the iPad Mini, during an Apple press event on October 23.
Less than a year after the newest iPad — the iPad 3 — was launched, Apple unveiled again today the latest update to the world’s most popular tablet. Dubbed the iPad 4, Apple’s newest gadget is not much of a design or functionality overhaul compared to its predecessor but instead offers hardware and performance upgrades.
“iResign.”
That’s the essence of the announcement made by Steve Jobs on August 24, 2011 when he officially relinquished his post as Apple Inc.’s Chief Executive Officer (CEO). As he steps down, we look back at the plethora of achievements that Jobs scored for the tech company during the past fourteen years that he was CEO.
Here are three of Jobs’ best achievements as Apple CEO with regard to the Apple stock (AAPL).
Achievement #1: Under Jobs’ helm, the Apple stock (NASDAQ: AAPL) skyrocketed in price from $5 in September 1997 after Jobs was officially appointed as interim CEO to around $376 on the day of his resignation. That translates to a total price growth of 7,420% during the 14-year period or a compounded annual growth rate (CAGR) of 36.15%. So if you invested $1,000 back in 1997, this is now worth a whopping $75,200.
