Dirk Schmidt over at Asymco has created a graphical analysis of Apple’s market cap during the Steve Jobs era that is a must-see. The graph ends up showing how dramatically Apple turned around during Jobs’ time as CEO.
At the beginning of Jobs’ tenure, Apple’s market cap was lower than almost every single one of its competitors. This quickly turned around after an average 42 percent increase in market cap from 1997 to 2011. The company ended up becoming the most valuable publicly-traded company in the world, a huge leap compared to where it had once been.
The second graph shows Apple’s combined market cap amongst its competitors shows how dramatic an effect Apple has had on the tech sector. As Apple slowly climbs up, the competitors are being squeezed by Apple’s ascendancy. Microsoft seems to be one of the competitors hit the hardest as the company that built Windows has gone from over 50 percent of the market cap share, down to measurably less than Apple’s share.
Schmidt said it best when he stated the following:
Steve Jobs became CEO when Apple was 90 days away from bankruptcy. He resigned 14 years later after leading Apple to becoming the most valuable listed company in the world. From a value creation point of view, it’s hard to think of a better performance from anyone, ever.
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