The stock price surge has taken Apple past industry stalwarts such as IBM and Intel and was capped this week as Apple topped even Cisco, the networking equipment maker. With a market capitalization of $177 billion, up more than $100 billion from a year ago, Apple is one of Wall Street’s "stand-out successes," notes the Times.
"For Steve Jobs, the Wall Street recognition amounts to a powerful vindication for the strategy he embarked on after returning to Apple and becoming its CEO in 1997, more than a decade after losing control of the company he co-founded," the article adds. "At the time of his return, Apple was struggling with a dwindling share of the desktop computer business as even its strongholds like the education market fell to the PC."
