Wiki:Apple inc

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Coordinates: 37°20′06″N 122°00′32″W / 37.3349°N 122.0090°W / 37.3349; -122.0090

Apple Inc.
Formerly
  • Apple Computer Company
    (1976–1977)
  • Apple Computer, Inc.
    (1977–2007)
Public
Traded as
ISINUS0378331005
Industry
FoundedApril 1, 1976; 44 years ago (1976-04-01)
Founders
Headquarters1 Apple Park Way
Cupertino, California,
Number of locations
510 retail stores (2020)
Area served
Worldwide
Key people
Products
Services
RevenueDecrease US$260.174 billion[1] (2019)
Decrease US$63.930 billion[1] (2019)
Decrease US$55.256 billion[1] (2019)
Total assetsDecrease US$338.516 billion[1] (2019)
Total equityDecrease US$90.488 billion[1] (2019)
Number of employees
137,000[2] (2019)
Subsidiaries
Websitewww.apple.com

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Tech technology companies, alongside Amazon, Google, Microsoft and Facebook.[6][7][8]

The company's hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds and the HomePod smart speaker. Apple's software includes macOS, iOS, iPadOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card.

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple II, grew quickly. Within a few years, Jobs and Wozniak had hired a staff of computer designers and had a production line. Apple went public in 1980 to instant financial success. Over the next few years, Apple shipped new computers featuring innovative graphical user interfaces, such as the original Macintosh in 1984, and Apple's marketing advertisements for its products received widespread critical acclaim. However, the high price of its products and limited application library caused problems, as did power struggles between executives. In 1985, Wozniak departed Apple amicably and remained an honorary employee,[9] while Jobs and others resigned to found NeXT.[10]

As the market for personal computers expanded and evolved through the 1990s, Apple lost market share to the lower-priced duopoly of Microsoft Windows on Intel PC clones. The board recruited CEO Gil Amelio to what would be a 500-day charge for him to rehabilitate the financially troubled company—reshaping it with layoffs, executive restructuring, and product focus. In 1997, he led Apple to buy NeXT, solving the desperately failed operating system strategy and bringing Jobs back. Jobs pensively regained leadership status, becoming CEO in 2000. Apple swiftly returned to profitability under the revitalizing Think different campaign, as he rebuilt Apple's status by launching the iMac in 1998, opening the retail chain of Apple Stores in 2001, and acquiring numerous companies to broaden the software portfolio. In January 2007, Jobs renamed the company Apple Inc., reflecting its shifted focus toward consumer electronics, and launched the iPhone to great critical acclaim and financial success. In August 2011, Jobs resigned as CEO due to health complications, and Tim Cook became the new CEO. Two months later, Jobs died, marking the end of an era for the company. In June 2019, Jony Ive, Apple's CDO, left the company to start his own firm, but stated he would work with Apple as its primary client.

Apple is well known for its size and revenues. Its worldwide annual revenue totaled $265 billion for the 2018 fiscal year. Apple is the world's largest technology company by revenue and one of the world's most valuable companies. It is also the world's third-largest mobile phone manufacturer after Samsung and Huawei.[11] In August 2018, Apple became the first publicly traded U.S. company to be valued at over $1 trillion.[12][13] The company employs 137,000 full-time employees[14] and maintains 510 retail stores in 25 countries as of 2020.[15] It operates the iTunes Store, which is the world's largest music retailer. As of January 2020, more than 1.5 billion Apple products are actively in use worldwide.[16] The company also has a high level of brand loyalty and is ranked as the world's most valuable brand. However, Apple receives significant criticism regarding the labor practices of its contractors, its environmental practices and unethical business practices, including anti-competitive behavior, as well as the origins of source materials.

  1. ^ a b c d e "Consolidated Statements for Q4 FY19" (PDF). Apple Inc. November 1, 2019. Retrieved November 1, 2019.
  2. ^ "Apple 10-K Report FY2019" (PDF). September 28, 2019. Retrieved January 20, 2020.
  3. ^ Taylor, Harriet (August 30, 2016). "How Apple managed to pay such a low tax rate in Ireland". CNBC. Retrieved January 9, 2017.
  4. ^ "Apple Looks to Services to Move Beyond iPhone Price Ceiling". Bloomberg.com. Bloomberg L.P. January 13, 2020.
  5. ^ Koblin, John (March 25, 2018). "Apple Goes to Hollywood. Will Its Story Have a Happy Ending?". The New York Times.
  6. ^ Rivas, Teresa. "Ranking The Big Four Tech Stocks: Google Is No. 1, Apple Comes In Last". www.barrons.com. Archived from the original on December 28, 2018. Retrieved December 27, 2018.
  7. ^ Ritholtz, Barry (October 31, 2017). "The Big Four of Technology". Bloomberg L.P. Archived from the original on June 26, 2019. Retrieved December 27, 2018.
  8. ^ "What is GAFA (the Big Four)? - Definition from WhatIs.com". WhatIs.com. Retrieved March 5, 2020.
  9. ^ "I Never Left Apple". Officially Woz. January 3, 2018. Retrieved October 2, 2018.
  10. ^ Cite error: The named reference was invoked but never defined (see the help page).
  11. ^ "Huawei beats Apple to become second-largest smartphone maker". The Guardian. August 3, 2018. Retrieved August 3, 2018.
  12. ^ Cite error: The named reference was invoked but never defined (see the help page).
  13. ^ Cite error: The named reference was invoked but never defined (see the help page).
  14. ^ "Apple Inc, Form 10-K, Annual Report, Filing Date January 28, 2020" (PDF). secdatabase.com. Retrieved January 28, 2020.
  15. ^ "Apple Retail Store – Store List". Apple. Retrieved June 3, 2020.
  16. ^ "Apple Now Has 1.5 Billion Active Devices Worldwide". Retrieved January 28, 2020.

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