Apple Inc: Big Apple
Apple Inc. as most people know started out of the garage of the parents of Steve Jobs who formed what was then Apple Computer with Steve Wozniak and Ronald Wayne in 1976. It was very small Apple at the time as Wayne sold his share of the company back to Jobs and Wozniak for $800, before it was incorporated in January 3, 1977. Apple Computer, Inc. changed its name to Apple Inc. on January 9, 2007, to reflect its change in concentration to consumer electronics.
The company is traded on NASDAQ and joined the Dow Jones Industrial Average on March 19, 2015.
Today Apple Inc. is an American multinational technology company based in Cupertino, California that designs, develops, and sells consumer electronics, computer software, online services, and personal computers. The company’s best known hardware products are the Mac line of computers, the iPod media player, the iPhone smartphone, the iPad tablet computer, and the Apple Watch smartwatch. Its online services include iCloud, the iTune Store, and the App Store. Apple’s consumer software includes the OS X and iOS operating systems, the iTune media browser, the Safari web browser, and the iLife and iWork creativity and productivity suites.
Apple is the world’s second-largest information technology company by revenue after Samsung Electronics, the world’s largest technology company by total assets, and the world’s third-largest mobile phone maker. Aside from being the largest publicly traded corporation in the world by market capitalization, on November 25, 2014, Apple became the first US company to be valued at more than $700 billion. As of March 2015, the company employs 98,000 permanent full-time employees, maintains 453 retail stores in sixteen countries, and operates the online Apple Store and iTunes Store, the latter being the world’s largest music retailer.
Globally, Apple’s annual revenue for 2014 totaled $182 billion. The company enjoys a high level of brand loyalty. There is no perfect company out there including Apple which has received some criticism regarding the labor practices of it contractors among others.