Apple Inc.

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)
TypePublic
ISINUS0378331005
Industry
FoundedApril 1, 1976 (1976-04-01) in Los Altos, California, U.S.
Founders
Headquarters1 Apple Park Way, ,
U.S.
Number of locations
521 retail stores (2022)
Area served
Worldwide
Key people
Products
Services
RevenueIncrease US$365.82 billion (2021)
Increase US$108.95 billion (2021)
Increase US$94.68 billion (2021)
Total assetsIncrease US$351.02 billion (2021)
Total equityDecrease US$63.09 billion (2021)
Number of employees
154,000 (2021)
Subsidiaries
Websiteapple.com
Footnotes / references
[1][2][3][4][5]

Apple Inc. is an American multinational technology company that specializes in consumer electronics, software and online services headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling US$365.8 billion in 2021) and, as of June 2022, is the world's biggest company by market capitalization, the fourth-largest personal computer vendor by unit sales and second-largest mobile phone manufacturer. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Meta, and Microsoft.

Apple was founded as Apple Computer Company on April 1, 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne to develop and sell Wozniak's Apple I personal computer. It was incorporated by Jobs and Wozniak as Apple Computer, Inc. in 1977 and the company's next computer, the Apple II, became a best seller and one of the first mass-produced microcomputers. Apple went public in 1980 to instant financial success. The company developed computers featuring innovative graphical user interfaces, including the 1984 original Macintosh, announced that year in a critically acclaimed advertisement. By 1985, the high cost of its products and power struggles between executives caused problems. Wozniak stepped back from Apple amicably and pursued other ventures, while Jobs resigned bitterly and founded NeXT, taking some Apple employees with him.

As the market for personal computers expanded and evolved throughout the 1990s, Apple lost considerable market share to the lower-priced duopoly of the Microsoft Windows operating system on Intel-powered PC clones (also known as "Wintel"). In 1997, weeks away from bankruptcy, the company bought NeXT to resolve Apple's unsuccessful operating system strategy and entice Jobs back to the company. Over the next decade, Jobs guided Apple back to profitability through a number of tactics including introducing the iMac, iPod, iPhone and iPad to critical acclaim, launching "Think different" and other memorable advertising campaigns, opening the Apple Store retail chain, and acquiring numerous companies to broaden the company's product portfolio. When Jobs resigned in 2011 for health reasons, and died two months later, he was succeeded as CEO by Tim Cook.

Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then $2 trillion in August 2020, and most recently $3 trillion in January 2022. The company receives criticism regarding the labor practices of its contractors, its environmental practices, and its business ethics, including anti-competitive practices and materials sourcing. Nevertheless, the company has a large following and enjoys a high level of brand loyalty. It is ranked as one of the world's most valuable brands.

  1. ^ "Consolidated Financial Statements for Q4 FY21" (PDF). Apple Inc. October 28, 2021. Retrieved December 22, 2021.
  2. ^ "Apple 10-K Report FY2021" (PDF). September 25, 2021. Retrieved January 23, 2022.
  3. ^ "Apple Retail Store – Store List". Apple. Retrieved June 3, 2020.
  4. ^ Certificate of Amendment of Articles of Incorporation, November 17, 1977. California Secretary of State.
  5. ^ Certificate of Ownership, January 9, 2007. California Secretary of State.

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