What's the Success Recipe of World's First Trillion-dollar Company? Money is not Apple's focus, CEO Tim Cook told employees after achieving the feat

By Pooja Singh

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences Asia Pacific, an international franchise of BIZ Experiences Media.

cleanfotos / Shutterstock.com

Apple's rise from the brink of bankruptcy in the late nineties to the world's first public company worth $1 trillion (that's 1 with 12 zeroes) is an unmitigated success story. Rapid innovation and a series of hit cutting-edge products have helped Apple become the cash cow it is today.

For the company's chief executive officer Tim Cook, however, it's not about money.

On Thursday, after Apple—founded four decades ago by a geek in the US' Santa Clara Valley garage to make personal computers—became the first publicly traded American firm worth over $1 trillion, Cook sent a memo to the companies' more than 1,20,000 employees. In the memo, which was obtained in full by Reuters, he acknowledged the feat and thanked the workers for making Apple the most valuable company in the world.

Where Values Lie

That's not all. In the memo, Cook, who became the CEO in 2011 after founder Steve Jobs' death from a rare form of pancreatic cancer, clarified that while the $1 trillion mark is a milestone, there's much more the company can, and should, do to achieve the kind of success Jobs once envisioned.

"Today Apple passed a significant milestone. At our closing share price of $207.39, the stock market now values Apple at more than $1 trillion. While we have much to be proud of in this achievement, it's not the most important measure of our success," he said.

Change is Here

He went on: "Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges... .

"In today's world, our mission is more important than ever. Our products not only create moments of surprise and delight, they empower people all around the globe to enrich their lives and the lives of others.

"Just as Steve always did in moments like this, we should all look forward to Apple's bright future and the great work we'll do together."

Think Ahead

According to Cook, the financial returns are "simply the result of Apple's innovation, putting our products and customers first, and always staying true to our values."

Cook's words might be exclusively for his employees, but leaders across the world can use them to learn how to create a successful brand.

For any company to survive in today's highly competitive era, it is vital to stay relevant. Each year, Apple comes out with a series of devices that change the way we live our lives, offering innovation and technology at its best.

The company's focus on its values and brand image is evident from its hallmark of simplicity. From the way Jobs dressed in his "uniform" of jeans teamed with black mock turtlenecks, to the way Apple devices operate, the presentation of the brand has remained intact and unchanged over the years.

More importantly, they have stayed true to Jobs' vision. "... The people who are crazy enough to think that they can change the world are the ones who do," Cook repeated Jobs' words in his memo.

Pooja Singh

Former Features Editor, BIZ Experiences Asia Pacific

 

A stickler for details, Pooja Singh likes telling people stories. She has previously worked with Mint-Hindustan Times, Down To Earth and Asian News International-Reuters. 

Marketing

Content Marketing Trends for 2020: Are we ready?

With every click on the keyboard, there is content being added to this virtual infinite universe that is being created, trillions of pieces of content get created every day

Leadership

What Will the Corporate Board Look Like in the Next 5 Years?

The board of the future will look a lot different as our society pushes for more diversity, a purpose-driven culture, better corporate reputation, sustainability, talent and resilience.

Science & Technology

What You Need to Know About This New Cybersecurity Trend

There's a new trend in cybersecurity that's likely going to play a critical role in keeping our data secure and private: confidential computing. Here's why and how it's going to change some of mankind's most important industries.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

News and Trends

Harvard Comes to India - An Opportunity for BIZ Experiencess?

Online programmes offered by foreign universities are becoming popular but need local support

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.