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Apple Net Worth 2024; Founders, Revenue & History

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Apple Net Worth

What is Apple?

Apple Inc. is a big American multinational technology company. The company designs develops and sells computer software, online services, and consumer electronics. The company is headquartered in Cupertino, California. It is the largest technology company by revenue (totaling US$365.8 billion). As of 2024, Apple net worth is estimated at $2.92 Trillion.

It became the fourth-largest personal computer vendor by unit sales and the second-largest mobile phone manufacturer. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Meta, and Microsoft.

Name:  Apple Inc.
Type: Public
Traded as: Nasdaq: AAPL, Nasdaq-100 component, DJIA component, S&P 100 component, S&P 500 component
Founded:  April 1, 1976; 46 years ago in Los Altos, California, U.S.
Founders: Steve Jobs, Steve Wozniak, Ronald Wayne
Headquarters: 1 Apple Park Way, Cupertino, California U.S.
The number of locations: 529 retail stores (2024)
Key people: Arthur D. Levinson (Chairman), Tim Cook (CEO), Jeff Williams (COO)
Products: AirPods, Apple TV, Apple Watch, HomePod, iPad, iPhone, MacBook Air, MacBook Pro, iMac, Mac Mini, Mac Pro, Mac Studio
Revenue: US $365.82 billion
Apple Net Worth: $2.92 Trillion

History:

Apple was founded as Apple Computer Company on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne to develop and sell Wozniak’s Apple I personal computer.

The company was founded in April 1976. It was incorporated as Apple Computer Inc. in January 1977. Sometime later, the sales of Apple II proliferated. So, Wayne and Jobs hired a staff of computer designers for a few years and started a production line.

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In 1980, Apple was very publicly famous and enjoyed high growth. Within a few years, it shipped new computers. It featured creative and innovative graphical user interfaces like the original Macintosh. So, that’s why Apple products are high-priced. The company also received critical acclaim all over, and that caused lots of problems.

The Apple II, also invented by Wozniak, was introduced on April 16, 1977, at the first West Coast Computer Faire. It consists of different forms of its major rivals, the TRS-80 and Commodore PET.

Apple went public, selling 4.6 million shares at $22 per share on December 12, 1980, generating over $100 million, more capital than any IPO since Ford Motor Company in 1956.

Development:

Apple lost market share to the low-cost duopoly of Microsoft Windows. Subsequently, the board of directors recruited CEO Gil Amelio, who led several efforts to drive growth and profitability in the company.

He led Apple to buy NeXT, tried to fix the company’s failed operating system strategy, and brought back jobs in 1997. Jobs recovered their leadership status and became the company’s CEO in 2000.

 

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Then, the company returned to profitability and rebuilt its status and reputation in the market by launching the iMac. So, the company has opened several retail stores in different parts of the world. That helped the company to increase its reputation and fame among people.
Jobs renamed Apple Inc. in January 2007, reflecting the company’s concentration and focus on consumer electronics. Then, the company launched the iPhone and gained high financial success and profit.

Jobs resigned from his duties as CEO in 2011 due to health complications. Then, Tim Cook became the company’s new CEO. After their resignation two months later, Jobs died.

The CDO of Apple, Jony Ive, left the company in 2019 to start his firm, but he stated that he would work with Apple as the primary client. Apple has enjoyed high success and reputation over the years by launching several new technological smartphones and computers and has several retail stores worldwide to access all people.

Macintosh:

Macintosh, usually known as Mac, is Apple’s line of personal computers that use the company’s proprietary macOS operating system.

As of 2024, there are six Macintosh computer families in production:

  • Mac: Consumer all-in-one desktop computer, introduced in 1998.
  • Mac Mini: Consumer sub-desktop computer, introduced in 2005.
  • MacBook Pro: Professional notebook, introduced in 2006.
  • Mac Pro: Professional workstation, introduced in 2006.
  • MacBook Air: Consumer ultra-thin notebook, introduced in 2008.
  • Mac Studio: Professional small form-factor workstation, introduced in 2022.

iPhone

iPhone is an Apple line of smartphones that use the company’s proprietary iOS operating system.

  • iPhone 13
  • iPhone 13 Pro
  • iPhone SE (3rd generation)
  • iPhone 12
  • iPhone 11

iPad

iPad is an Apple line of tablet computers that use the company’s proprietary iPad operating system. The first-generation iPad was announced on January 27, 2010.

  • iPad (9th generation)
  • iPad mini (6th generation)
  • iPad Pro (5th generation)
  • iPad Air (5th generation)

List of Chairman:

  • Mike Markkula (1977–1981)
  • Steve Jobs (1985)
  • Mike Markkula (1985–1993); second term
  • John Sculley (1993)
  • Mike Markkula (1993–1997); third term
  • Steve Jobs (2011); second term
  • Arthur D. Levinson (2011–present)

Apple Net Worth 2024

In 2023, Apple’s net worth is $2.92 trillion. It is the wealthiest company in the world. The company mainly designs, develops, and sells different kinds of computer software, consumer electronics, and online services that satisfy the high-tech needs of people worldwide.

The company sells many products, including iPad tablets, iPhone smartphones, Mac personal computers, and many more with several unique features.

The company was founded by Ronald Wayne, Steve Jobs, and Steve Wozniak in 1976. It makes growth in the technology field continuously. It works on several operating platforms. The number of people using Apple phones, computers, and gadgets is increasing worldwide.

Frequently Asked Questions

  • Who owns the most Apple?

The largest shareholder of Apple as of January 2023 was Vanguard Group Inc.
  • Is Apple richer than the US government?

As the U.S. government continues to grapple with reaching an agreement on the debt ceiling, the U.S. Treasury’s balance has fallen behind that of Apple Inc. Specifically, the balance has dropped to $74 billion, trailing behind Apple’s $76 billion. It is worth noting that Apple currently holds the position of the second-largest company in the world by market value, with a valuation of nearly $362 billion.

  • Is Microsoft worth more than Apple?

Apple faced a challenging start to 2024, experiencing setbacks that resulted in the company ceding the title of the world’s most valuable company to Microsoft.

  • What is Apple’s full name?

Apple Inc., originally named Apple Computer, Inc., is a multinational corporation that creates and markets consumer electronics and computer software. It is also a digital distributor of media content.

  • How many employees does Apple have?

Based on the provided Web Search Results, here is some information about Apple Inc.:

  • Headquarters: Apple Park, located in Cupertino, California, in Silicon Valley, serves as the company’s headquarters.
  • Number of Employees: As of 2024, Apple had 161,000 employees.
  • Subsidiaries: Apple Inc. has several subsidiaries including Apple Studios, Beats Electronics, Beddit, Braeburn Capital, Claris, Drive.ai, and InVisage Technologies.
  • ASN: Apple Inc. has ASN (Autonomous System Number) 714.

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Disclosure

The net worth figures and related information presented here are derived from a variety of public sources. These figures should not be regarded as definitive or fully accurate, as financial positions and valuations are subject to change over time.