|Legal Name:||Apple Inc.|
|Headquarters Regions:||Cupertino, California, United States|
|Founded Date:||1 April 1976|
|Founders:||Steve Jobs, Steve Wozniak, Ronald Wayne|
|Number of Employees:||150000+|
|Area served:||United States of America and world|
|Products of Company:||multinational technology company|
|Net Worth in 2023:||$2 Trillion|
Apple Inc. was formerly known as Apple Computer Company from 1976 to 1977 and changed to Apple Computer, Inc. from 1997 to 2007. It is an American multinational technology company, and its headquarters is in Cupertino, California. Mainly, it develops, designs, and sells consumer electronics, online services, and computer software.
Apple provides both hardware and software products. Some of its hardware products include; iPad tablet computers, iPhone smartphones, Apple Watch smartwatch, Apple TV digital media player, Mac personal computer, and Airpods Max headphones. Software products include iPadOS, watchOS, ios, and tvOS. It also provides professional applications like Logic Pro, Final Cut Pro X, and Xcode. It provides online services like iTunes Store, ios App Store, Apple Music, Apple Store, Apple Pay Cash, and Card, among others.
Apple is among the big five companies in the U.S. information technology. Others in line are Amazon, Google, Facebook, and Microsoft.
Well, how well do you know about Apple? If not much, here is what we know about Apple to date.
Apple was founded in April 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne as a partnership business. Their first product was Apple I, which was designed by Wayne. In order to finance its creation, Wozniak sold his HP-65 calculator for $500 while Jobs sold his VW Microbus. Wayne left and sold his share back to Jobs and Wozniak for $800, only twelve days after they co-found Apple.
Apple was incorporated on 3 January 1997, and Mike Markkula provided funding of $250,000 during the incorporation. The sale of its computers tremendously grew, including Apple I and Apple II. The growth made Jobs and Wozniak hire computer designers and a production line in Jobs’ garage.
In 1980, Apple went public, which resulted in instant financial success. Within a few years, Apple shipped new computers featuring graphical interface users like Macintosh. Apple received widespread critical acclaim for marketing advertisements for its products. The high prices for its products and limited application caused problems. Power struggles also caused problems between executives.
Wozniak left Apple in 1985, remaining as an honorary employee. Jobs also resigned and found NeXT, taking with him a few co-workers.
Through the 1990s, the market for personal computers grew rapidly. On the other hand, apple lost considerable market share to the lower-priced duopoly Microsoft Windows. CEO Gil Amelio was recruited by the board to try to rehabilitate the financial troubles of the company. He solved failed operating system strategy by buying NeXT in 1997. He also brought Jobs back to work.
After regaining his leadership status, Jobs became CEO of the company in 2000. Apple returned to profitability and opened several retail chains of stores in 2001, as well as acquiring several companies to expand its software portfolio. Apple renamed the company’s name to Apple Inc. in 2007. It reflected a focus on consumer electronics and also launched iPhone, which led to financial success.
In 2011, Jobs was having health complications and thus resigned from the position of CEO, and Tim Cook took over. The end of an era of the company came to an end after the death of Jobs, two months after resigning. Jony Ive, Apple’s CDO, left the company in June 2019 and started his own firm but would continue working with Apple as its primary client.
Apple’s total revenue for the 2020 fiscal year reached $274.5 billion. Apple is the fourth-largest smartphone manufacturer in the world. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in august 2018 and reached $2 trillion in August 2020. It has around 147,000 full-time employees having over 510 retail stores in over 25 countries worldwide. Over 1.5 billion Apple products are in use worldwide.
Award & Achievements
Apple is known as one of the most valuable companies all over the world, has launched a number of iPhones, personal computers, and other technological gadgets. It is the first U.S. public company to have total revenues of over $2 trillion. It is the fourth-largest PC vendor and also the fourth-largest smartphone manufacturer. It is also listed among the wealthiest companies in the globe. As of now, there is no information concerning the awards received by Apple.
Net Worth & Earnings of Apple in 2023
As of 2023, Apple has accumulated a net worth of over $2 trillion becoming one of the wealthiest companies in the world. Having over 500 retail stores worldwide makes it easy for Apple to have such a high amount. The company generates its income from the sale of different kinds of computer software, electronics, and online services. It sells a lot of products, including iPad tablets, iPhone smartphones, and personal computers, among many more.
According to revenue and size, Apple is regarded as the largest technology company in the world. It is the first company to record a capitalization of over $1 trillion. Its big size has also created employment for a lot of people all over the world. Although Apple has received a number of criticism concerning the labor practices of its contractors, unethical business practices, it remains the number one technology company.