Apple Inc: History, Products, Headquarters, Revenue & Facts

Written by Rayden Sam Posted on 2024-01-22

Apple, the app’s developer, has hinted that the app’s privacy practices may involve the following data processing.

What is Apple Inc?: Apple Inc. is an American multinational technology company with its headquarters in Cupertino, California, United States. Its main products are consumer electronics, software, and internet services.

Apple is the biggest tech company by revenue (US$365.8 billion in 2021), and as of May 2022, it was the second biggest company in the world by market capitalization, the fourth biggest seller of personal computers by unit sales, and the second biggest maker of cell phones.

It is one of the “Big Five” American IT companies, along with Alphabet, Amazon, Microsoft, and Meta.

About Apple Inc

Steve Jobs, Steve Wozniak, and Ronald Wayne started Apple Computer Company on April 1, 1976, to make and sell Wozniak’s Apple I personal computer. Jobs and Wozniak turned it into a company called Apple Computer, Inc. in 1977. The company’s next computer, the Apple II, was a big hit.

When Apple went public in 1980, it made money right away. The company made computers with new graphical user interfaces, like the first Macintosh, which was shown in a popular ad called “1984,” which was directed by Ridley Scott.

By 1985, its products were too expensive and there were power struggles between its executives. Wozniak left Apple on good terms and started other businesses, but Jobs left Apple on bad terms and started NeXT, taking some Apple employees with him.

PC Market

Apple lost a lot of ground in the PC market to the duopoly of Microsoft Windows on Intel-powered PC clones as the market grew and shifted in the 1990s (also known as “Wintel”). When Apple was weeks away from bankruptcy in 1997, it bought NeXT to fix its failed operating system strategy and bring Jobs back.

Throughout the next decade, Jobs led Apple back to profitability by implementing a variety of strategies, such as the introduction of the iMac, iPod, iPhone, and iPad to widespread acclaim, the introduction of the “Think different” advertising campaign, and other memorable advertising campaigns, the opening of the Apple Store retail chain, and the acquisition of numerous companies to broaden the company’s product offering.

Jobs stepped down as CEO in 2011 due to health concerns and was replaced by Tim Cook. Jobs would pass away two months later.

Revenue

Apple is currently the most valuable publicly traded company in the United States, having been valued at $1 trillion in August 2018, $2 trillion in August 2020, and $3 trillion in January 2022. Concerns have been raised regarding the anti-competitive activities of the company, as well as its procurement of products and the labour practices of its contractors.

Also of concern is the company’s procurement of workers. Despite this, the company has a considerable following and a dedicated customer base for its brand. It is widely acknowledged as being among the most valuable brands in the entire globe.

Net income

USD$94.68 billion
Operating income: USD$108.95billion
Total equity: US$63.09billion
Total assets: US$351.02billion