Apple stock has performed better than expected, including Steve Jobs

The CEO of Apple Inc. AAPL has had several CEOs leading the company over the years, including Steve Jobs who led the company through a period of innovation, such as the iPod, iPhone and iPad. Tim Cook took over in 2011 for Jobs with big shoes to fill. Here is a look at how the stock has performed.

What Happened: Jobs led Apple from 1997 to 2011 and helped push the company into new territory with a focus on new products and innovation. Jobs announced in August 2011 that he was stepping down as Apple's CEO. Tim Cook was replaced by Apple Chief Operating Officer Jobs. Jobs recommended the Board of Directors to select Cook for the position.

Jobs would die two months later in October 2011 from complications related to pancreatic cancer. Jobs left behind an iconic legacy and is widely believed to be one of the most innovative CEOs of all time.

Cook brought new leadership to the role after being the Chief Operating Officer at IBM and Compaq before becoming CEO. Cook took the post and pushed the company forward to become the first public company valued at $2 trillion, according to some investors and analysts.

Cook has been the CEO of Apple since August 2011 and has turned in one of the best-performing stock returns over the same time period.

Jobs last day led the company by investing $1,000 in Apple Stocks: Apple shares traded at $373.52 on Aug. 23, 2011.

A $1,000 investment could have purchased 2.68 shares of Apple at the time Cook took over.

Apple shares were split 7 -- 1 on June 9, 2014, turning the investment into 18.76 shares. Apple shares were split 4 -- 1 in August 2020, turning the investment into 75.04 shares.

The $1,000 investment would now be worth $11,091. It was 66 today, based on a share price of $147.81 at the time of writing. It doesn't take into account any dividends paid over the years.

When Cook took over, a $1,000 investment in Apple would be up 1,009. Over the last 11 years and 3 months, the average number has gone up by 2%. The average annual return for investors who bet on Cook is 89.7%.

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