Tim Cook took the helm at Apple 9 years ago. Here’s how he got his start and built Apple into the world’s most valuable company.

OSTN Staff

Tim Cook
Cook has been with Apple since 1998 and became the CEO of Apple in 2011 following Steve Jobs.

  • When Tim Cook took the job as CEO of Apple in August 2011, many wondered if he could fill the shoes left by his friend, colleague, and mentor, Steve Jobs.
  • A lot has changed since then. Cook has made great strides at Apple, including overseeing the launch of AirPods and the Apple Watch.
  • But when he was announced for the role, he was a big question mark. He had come out of seemingly nowhere to lead a significantly large company.
  • Cook quit his job and joined Apple when the company was nearly bankrupt. What a lot of people don’t know is that Apple would never have gotten where it is without Cook’s help early on in Jobs’ reign.
  • Over the past nine years, Cook has added new product lines for Apple and shifted the company’s focus to include services like Apple Music and Apple TV Plus.
  • Apple recently hit a market cap of $2 trillion and became the world’s most valuable company.
  • Visit Business Insider’s homepage for more stories.

Matt Weinberger contributed to an earlier version of this article.

Tim Cook was born in Mobile, Alabama, in 1960. His father, Donald Cook, was a shipyard worker. His mother, Geraldine Cook, worked at a pharmacy.

shipyard
A shipyard, though not the one Donald Cook worked at.

Source: Business Insider

Cook graduated from Alabama’s Auburn University in 1982 with a degree in industrial engineering.

Auburn University

Source: Business Insider

From there, Cook joined IBM in its still-new PC division — before Microsoft Windows was even a thing. He eventually became the director of North American fulfillment.

IBM Watson Office 10
IBM Watson Office 10 (not the IBM office that Cook worked in).

Source: The Telegraph

Cook was misdiagnosed with multiple sclerosis in 1996, something he says made him view the world in a different way. Since then, he’s been a fitness buff and a big giver to MS-related causes.

Tim Cook
Apple CEO Tim Cook.

Source: The Guardian

Twelve years later, Cook left IBM and jumped into a COO role at a company called Intelligent Electronics. He eventually became vice president of corporate materials at Compaq, then one of the hottest PC manufacturers around.

HP Compaq
Compaq CEO Michael Capellas (right) after a press conference in New York on September 4, 2001.

Source: Business Insider

Meanwhile, Steve Jobs had just come into power as Apple’s CEO, following the ouster of Gil Amelio. Jobs had the tough task of turning the company around after many years of fading relevance. He went looking for fresh blood for his executive team.

steve jobs macworld keynote 1998
Jobs gives a Keynote speech in 1998.

Source: Business Insider

So Jobs approached Cook, identifying him as a strong prospect for the new Apple. Cook signed on to Apple in 1998 as SVP of worldwide operations.

Tim Cook
Apple CEO Tim Cook.

Source: Business Insider

It must have been a difficult decision for Cook. In 1997, Apple was an industry laughingstock: Michael Dell, one of Microsoft’s closest partners, once said that if he were in Jobs’ shoes, “I’d shut it down and give the money back to the shareholders.”

michael dell bill gates 2001
Michael Dell, right, and Bill Gates, left, at a Windows product launch in 2001.

Source: Business Insider

And experiencing Jobs’ biggest flop first-hand just a few years later probably didn’t make the transition easier, either: In 2000, Apple released the Power Mac G4 Cube, but the small PC, which Cook called an “engineering marvel,” never found its audience.

steve jobs power mac g4 cube

Source: Business Insider

But Cook said the “spectacular failure” taught him an important lesson in humility and intellectual honesty. “This was another thing that Steve taught me, actually,” Cook said. “You’ve got to be willing to look yourself in the mirror and say, ‘I was wrong, it’s not right.'”

Jobs Cook
CUPERTINO, CA – SEPTEMBER 12: Apple CEO Tim Cook speaks during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple is holding their first special event at the new Apple Park campus where they are expected to unveil a new iPhone.

Source: Business Insider

But everything worked out. One of Cook’s biggest early coups was closing Apple’s own factories and warehouses and replacing them with contract manufacturers, meaning that devices could be made in larger quantities and get delivered faster.

Apple store

Source: Business Insider

Tim Cook once said of his role: “You kind of want to manage it like you’re in the dairy business. If it gets past its freshness date, you have a problem.”

Tim Cook

Source: Wired

Starting in 2005, Cook made investments that would lay the groundwork for the future of the company, including forming critical deals with manufacturers on flash memory, the computer-storage component that would form the basis for the iPhone and iPad.

steve jobs unveils first iphone
Jobs reveals the first iPhone in 2007.

Source: The New York Times

Cook’s prescience meant that when competitors sought to build their own phones and tablets, they had to compete for what little factory capacity and components those factories could spare, after they had already fulfilled their commitments to Apple.

android p
An Android phone.

Thanks to Cook’s management expertise, his star within the company rose rapidly. Apple was on the track toward growth and big profits, and Cook got a lot of the credit.

Tim Cook 2009
Cook in 2009.

Source: Business Insider

As his influence grew, Cook became known within the company for his no-mercy, relentless questioning style, his willingness to hold hours-long meetings, and his propensity for sending emails at all hours and expecting answers.

tim cook steve jobs phil schiller 2007
Cook, Jobs, and Phil Schiller, EVP Product Marketing, answer questions about the new iMac in 2007.

Source: Business Insider

In 2007, Apple introduced the iPhone — the device that would change everything.

Steve Jobs original iPhone 2007
Jobs unveils the iPhone in 2007.

Source: Business Insider

That same year, Jobs brought Cook a little closer into the core of the business by naming him COO. At this point, Apple insiders say, he was already running much of the business, with Jobs just there to make important product decisions.

tim cook steve jobs 2010
Cook and Jobs answer questions at a press conference in 2010.

Source: Apple

As COO, Cook made more appearances at public events, getting out in front of executives, customers, partners, and investors.

tim cook apple COO 2010
Cook examines the Macbook Air at a special event at the company’s headquarters in 2010.

In 2009, Tim Cook was named interim CEO while Steve Jobs was on leave to manage his declining health. Jobs had been diagnosed with pancreatic cancer in 2003, and it was starting to take its toll.

2003 mac convention
Jobs presents iMovie during the 2003 Macworld Conference and Expo.

Source: Business Insider

In 2009, Cook actually offered Jobs a portion of his liver, since they share a rare blood type. But Jobs refused, saying, “I’ll never let you do that. I’ll never do that.”

tim cook and steve jobs
Cook and Jobs answer questions about the iPhone 4 in 2010.

Source: Business Insider

In January 2011, Cook took over as interim CEO once again while Jobs was on medical leave. In August 2011, Jobs resigned his role to focus on his health — the board then named Cook permanent CEO of Apple.

tim cook
Cook speaking at an Apple launch event in New York in 2018.

Source: Business Insider

When Jobs died in October 2011, Cook had the flags of the Apple campus flown at half staff in his memory.

apple flags
The flags at Apple’s headquarters on the day following Jobs’ death.

Source: Business Insider

Cook reportedly considers the time following Job’s death as the loneliest time of his life.

tim cook sad

Source: Business Insider

Cook told Stanford University’s graduating class of 2019 that mentors can leave you prepared but not ready. Cook said that after Jobs’ death, “when the dust settled, all he knew was that he was going to have to be the best version of himself that he could be.”

Tim Cook
Cook spoke at Stanford in 2005 and then again in 2019.

Source: Business Insider

But Cook had some big shoes to fill. The iPhone, especially, is an internationally beloved product, and Jobs is held up as one of the greatest CEOs in history. “His greatest gift … was not a singular product, but rather Apple itself,” Cook said of Jobs in 2017.

steve jobs tim cook iphone 8 event
Tim Cook presenting at an iPhone event.

Source: Business Insider, Business Insider

Jobs once said that making things with “a great deal of care and love” is ultimately the thing that “keeps Apple, Apple,” and Cook has said that he believes Jobs’ vision lives on everywhere at Apple.

apple Tim Cook presentation
Apple CEO Tim Cook prepares a keynote presentation.

Source: Business Insider

In the months following Jobs’ resignation and then his death, there was a lot of uncertainty over whether or not Apple could keep the momentum going under Cook.

tim cook first CEO presentation 2010
Cook’s first presentation as CEO.

Though Cook was now in the limelight as CEO of Apple, he followed Jobs’ example as a public figure and has remained intensely private when it came to his personal life, directing the attention as much as possible back on Apple.

Tim Cook

Source: Business Insider

In 2014, though, Cook ended years of speculation by publicly announcing, in an editorial in Bloomberg Businessweek, that he was gay. That made Cook the first openly gay CEO of a Fortune 500 company.

Tim Cook

Source: Business Insider

During his tenure as CEO, Cook has kept a lot of important Apple traditions alive, including appearances by rock stars like the Foo Fighters at big company events …

tim cook dave grohl 2012
Cook and Foo Fighters frontman Dave Grohl.

Source: Rolling Stone

… and Jobs’ famous “one more thing” product announcements.

Tim Cook
Apple CEO Tim Cook

Source: Business Insider

But some things have changed under Cook’s watch. The best example is Scott Forstall, former Apple VP of iOS, who stepped down from his role in 2012.

tim cook scott forstall 2012
Cook and Forstall at the Apple Worldwide Developers Conference in 2012.

Source: Business Insider

In 2015, Apple released the Apple Watch, the company’s first entirely new product in the post-Jobs era.

apple watch tim cook
Cook and model Christy Turlington at the Apple Watch launch event.

Source: Business Insider

And in 2016, Apple introduced AirPods, tiny wireless earbuds that have become a runaway hit and important product for Apple’s growth. The company unveiled an upgraded version called AirPods Pro in 2019.

airpods pro

Source: Business Insider

Apple has also expanded its iPhone lineup under Cook, adding lower cost iPhones like the iPhone SE and the iPhone 11, as well as more expensive “pro” models that cost more than $1,000.

apple smart phone iphone 11 pro
The iPhone 11.

In recent years, Apple has expanded beyond hardware to focus on subscription services like Apple Music, Apple TV Plus, and Apple News Plus, services that help retain existing Apple customers. Apple’s services division — as well as wearables — is now a major factor in fueling the company’s growth.

Tim Cook at Apple March streaming TV+ Plus event

Source: Business Insider

In the last 18 months, Apple has seen a few more high-profile execs depart: Apple’s retail chief Angela Ahrendts departed in April 2019; Jony Ive, Apple’s design chief and another of Jobs’ close friends, left the company that June; and marketing chief Phil Schiller announced he was stepping down in August 2020.

Jony Ive Tim Cook
From left: Tim Cook, Jony Ive, and Dave Grohl.

Source: Business Insider

But Apple’s growth hasn’t slowed: In August, it hit a $2 trillion market cap, becoming the world’s most valuable company.

Tim Cook

Source: Markets Insider

Apple’s surge to $2 trillion helped Cook reach billionaire status for the first time.

Tim Cook

Source: Bloomberg

Cook doesn’t live lavishly, however. He lives in a $2.3 million home in Palo Alto, California, but rarely takes expensive vacations and doesn’t own yachts or private planes like other tech CEOs.

tim cook

Source: Business Insider

Cook has pledged to give away most of his wealth and has gifted millions in Apple shares already, according to Bloomberg.

Tim Cook

Source: Bloomberg

Read the original article on Business Insider

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