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Apple shares topped $500 for the first time Monday morning, trading as high as $503.83 in yet another milestone in a long-running series by the company.
As impressive as the past decade has been for Apple, the company's "best days are still in the future," according to Ron Johnson, Apple's former retail chief and current CEO of J.C. Penney.
Johnson, who helped build Apple into a retail juggernaut, says the company is poised to keep growing and taking market share because of its intense commitment to "innovation and quality."
Apple is "incredible at creating products that people love," he says. "Nobody does hardware better; nobody does software better. Nobody does retail better. And they're just getting started in places like China."
While the passing of Steve Jobs leaves a void at the firm, Johnson lauds his former colleagues. Apple has a "huge reservoir of talent," he says, citing CEO Tim Cook and design chief Johnny Ives as notable
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