Apple Inc. is an American multinational technology company headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and online services.

Apple'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, and the HomePod smart speaker. Apple's software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, 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 and Mac App Store, Apple Music, and iCloud.

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak's Apple I personal computer. It was incorporated as Apple Computer, Inc. in January 1977, and sales of its computers, including the Apple II, saw significant momentum and revenue growth for the company. 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, and Apple's marketing commercials for its products received widespread critical acclaim. However, the high price tag of its products and limited software titles caused problems, as did power struggles between executives at the company. Jobs resigned from Apple and created his own company, NeXT. Company currently has over 500 retail stores (2018).

 

Apple Inc. is the world's second-largest information technology company by revenue with a staggering amount of $215.1B in 2016.  The company employs 123,000 full-time employees and maintains 499 retail stores in 22 countries as of December 2017. It operates the iTunes Store, which is the world's largest music retailer. As of January 2016, more than one billion Apple products are actively in use worldwide.

 

Apple ranked #4 on the 2017 Fortune 500 list. Apple became the first U.S. company to be valued at over $1.3 trillion in Oct 20, 2018. Although with tarrif issues with China imposed by Trump, the valuation falls bellow the trillion mark and as of Jan 18, 2019 Apple was valued around a $741.3B.

 

Apple has made over 100 acquisitions, their biggest acquisition was a $3B buy-out of Beats Electronics on August 1, 2014. Other notable acquisitions were a $600M deal of Dialog Semiconductor on Oct 11, 2018, a $400M in cash acquisition of Shazam on Sep 24, 2018, paid a whopping. $500M to buy Anobit on Dec 20, 2011 among others.

 

 

  • Year founded: 1976
  • Funding Info: $6.2B in 4 funding rounds (Last funding type- Post IPO equity)- Apple has also acquired 90+ company and made over 10 investments to date
  • Yearly Revenue: 265.6 billion USD (2018)
  • Employee Size: 10,0000+
  • Business Valuation: Mkt Cap: $741.3B as of Jan 18, 2019
  • City/Town: Cupertino
  • State: California
  • Country: United States
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