What is Apple?
Apple Inc. is an 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 2022, it is the world’s biggest company by market capitalization. In 2023, Apple’s net worth to be around $2 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.
|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:||520 retail stores (2022)|
|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 2023:||$2 Trillion|
The company 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 high price Apple products. 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, which was more capital than any IPO since Ford Motor Company in 1956.
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 and tried to fix the company’s failed operating system strategy and bring 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 the company 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 new CEO of the company. After their resignation two months later, Jobs died.
The CDO of Apple Jony Ive, left the company in 2019 to start a firm of his own, but he stated that he would work with Apple as the primary client. The company 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, usually known as Mac, is Apple’s line of personal computers that use the company’s proprietary macOS operating system.
As of March 2022, 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 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 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 2023
In 2023, Apple’s net worth is $2 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 all around the world.
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 who use Apple phones, computers, and gadgets is increasing every day worldwide.
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