During the coronavirus era the company managed to more than double its market cap.
When Tim Cook ascended into the chief executive officer role at Apple, plenty of naysayers doubted his ability to fill the legendary shoes left by cofounder Steve Jobs.
That’s no small feat. During the coronavirus era specifically, which has sent world-class consumer and tech brands into crisis, the company managed to more than double its market cap.The news comes as Apple faces heat from government probes in the U.S. and abroad over allegations of anticompetitive behavior toward developers.
In public comments, a spokesperson said “the App Store is designed to be a safe and trusted place for users and a great business opportunity for all developers.…The problem that Epic has created for itself is one that can be easily remedied if they submit an update of their app that reverts it to comply with the guidelines they agreed to and which apply to all developers.
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