How This Executive Departure Turned Apple Into a Growth Stock
Sir Jonathan Ive left the building in June this year, and Apple (NASDAQ: AAPL) shed $9 billion in market cap when the announcement was made. That wasn't surprising. Ive was the Cupertino, California, company's design guru and the man behind some of Apple's most iconic products. So his unexpected departure came as a shock to Apple investors at a time when iPhone sales are on the wane.
It has been five months since Ive left and it is clear by now that his departure hasn't dented investor confidence one bit. Apple has remained a top growth stock.
Source Fool.com
