NET WORTH : $3 Trillion Dollars
The Cupertino, California-based American multinational technology business Apple Inc. Apple is the largest corporation in the world by market capitalization as of March 2023 and the leading technology business by sales in 2022 with US$394.3 billion. As of June 2022, Apple is the world's largest manufacturing business by revenue, the second-largest maker of mobile phones, and the fourth-largest seller of personal computers based on unit sales. Along with Microsoft, Amazon, Alphabet (the parent company of Google), Meta (the parent company of Facebook), and Amazon, it is regarded as one of the ,Big Five American IT corporations.
On April 1, 1976, Steve Jobs, Ronald Wayne, and Steve Wozniak established Apple Computer Company with the goal of creating and marketing Wozniak's Apple personal computer. In 1977, Jobs and Wozniak incorporated it as Apple Computer, Inc. One of the first microcomputers to be mass-produced, the Apple, the company's second computer, quickly became a best-seller. In 1980, Apple went public and had immediate financial success. The business created computers with cutting-edge graphical user interfaces, such as the first Macintosh, which was unveiled in a well regarded commercial that year under the title "1984". By 1985, issues included CEO power battles and the company's exorbitant product costs. Jobs quit from Apple and formed NeXT, bringing a few colleagues with him. Wozniak left the company to pursue other endeavors.
With a valuation of more than $1 trillion in August 2018, $2 trillion in August 2020, and $3 trillion in January 2022, Apple became the first publicly listed American corporation. It had a valuation of little over $3 trillion in June 2023. The corporation is criticized for its environmental policies, labor abuses of its contractors, and corporate ethics, which include sourcing goods and engaging in anti-competitive behavior. Despite this, the business has a sizable fan base and strong brand loyalty. It has also continuously been listed as one of the most valuable brands in the world.
STEVE PAUL JOBS
American businessman, entrepreneur, and investor Steve Paul Jobs (February 24, 1955 – October 5, 2011) is most renowned for having co-founded the massive technology company Apple Inc. In addition, Jobs founded NeXT and served as Pixar's chairman and main shareholder. Along with fellow Apple co-founder Steve Wozniak, he was a pioneer of the personal computer revolution of the 1970s and 1980s.
In 1955, Jobs was born in San Francisco and was adopted not long after. In 1972, he enrolled at Reed College but left the same year. He journeyed throughout India in 1974 in search of enlightenment and then studied Zen Buddhism. In order to further the development and market Wozniak's Apple I personal computer, he and Wozniak co-founded Apple in 1976. A year later, the pair became well-known and wealthy together when they created and sold the Apple II, one of the first extremely popular mass-produced microcomputers.
TIM COOK
American business entrepreneur Timothy Donald Cook was born on November 1, 1960, and he joined Apple Inc. as CEO in 2011. Under Steve Jobs, Cook had previously been the company's co-founder's chief operational officer.
Cook joined Apple in March 1998 as a senior vice president for worldwide operations, and then served as the executive vice president for worldwide sales and operations. He was appointed chief executive on August 24, 2011 after Jobs, who was ill and died that October, resigned.
COMPANIES OWNED BY APPLE
Beats Electronics and Beats Music
The $3 billion cash and stock acquisition of Beats Electronics, a manufacturer of audio equipment, along with its streaming service, Beats Music, represents Apple's biggest acquisition to date. Record executive Jimmy Iovine and rapper and music producer Dr. Dre launched Beats Electronics in 2006; the company's first headphones were introduced in 2008. Apple is now able to sell the Beats brand of headphones both directly to consumers and through resellers thanks to the acquisition. Beats was a stand-alone business at the time of the transaction, with Dr. Dre, Iovine, and the private equity firm Carlyle Group as minority investors.
Incorporation Year : 2014
Revenue : $3 Billion Dollars
Siri Inc.
Originally, SRI International Artificial Intelligence Center and voice technology business Nuance Communications worked together to build Siri. In 2008, SRI International separated into Siri as a separate business. CNN. "A Comprehensive Study Forms the Basis for Apple's Siri Voice Assistant". In the beginning, Siri was created as a stand-alone software for use in routine chores like making restaurant reservations, obtaining the weather, or purchasing sports event tickets. Voice activation was used by Apple into its initial iPhone models. Many Apple devices, such as the iPhone, Apple Watch, Mac computers, and Apple TV, now incorporate Siri technology. Siri is an example of Apple's approach of purchasing a tech startup for a particular technology and then incorporating that technology into their lineup of goods.
Incorporation Year : 2010
Revenue : $200 Million Dollars
Shazam
Founded as Shazam Entertainment Limited in 1999, Shazam is the company behind the namesake music identifier app. Apple completed its purchase of Shazam in 2018 for an estimated $400 million, with the goal of integrating the technology into iPhones and other smart devices.
Incorporation Year : 2018
Revenue : $400 Million Dollars
NeXT Software
NeXT was a hardware and software platform company founded in 1985 by Steve Jobs, a co-founder of Apple, after Jobs was fired from the company. The company's NeXT computer, designed for use in higher education and business, was arguably its most well-known product.
Incorporation Year : 1996
Revenue : $400 Million Dollars
AuthenTec
In 1998, Harris Corp. (formerly known as Harris Semiconductor) spun out AuthenTec Inc. TuthenTec possessed about 200 patents covering a wide range of computer and technology security applications and products at the time of Apple's acquisition of the company in 2012. The biometric security technique proved to be the most beneficial to Apple, and the tech giant would incorporate it into an extensive range of its products.
Incorporation Year : 2012
Revenue : $356 Million Dollars
Mobeewave
In Montreal, Mobeewave was established in 2011. The software startup created a system that lets customers make payments by tapping a credit card or another smartphone to another smartphone using near-field communication (NFC) technology.
Incorporation Year : 2020
Revenue : $100 Million Dollars
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