The greatest company Apple Inc., Company is a multinational technology firm based in Cupertino, California, United States. Apple Computer Company was founded in 1st April 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne.
Apple is one of the Big 5 American information technology companies, along with Alphabet (Google), Amazon, Meta (Facebook) & Microsoft.
Apple company gone public in 1980 to achieve the immediate financial success. During this period, the Apple Company created computers with cutting-edge graphical user interfaces. This includes the 1984 original Macintosh. The Macintosh, a personal or family computer, was announced to critical acclaim that year.
In the year 1985, the high cost of its products and power struggles among executives caused problems. American Engineer “Steve Wozniak” left Apple amicably to pursue other ventures.
In same year 1985, Steve Jobs resigned and founded “NeXT” computer Company. On that time Steve Jobs had taken some Apple employees with him. The purpose of buying “NeXT” was to fix Apple’s failed operated system strategy. They also wanted to lure Steve Jobs back to the company.
Greatest company Apple in 1985, the high cost of its products and power struggles among executives caused problems. American Engineer “Steve Wozniak” left Apple amicably to pursue other ventures.
In same year 1985, Steve Jobs resigned and founded “NeXT” computer Company. On that time Steve Jobs had taken some Apple employees with him. The purpose of buying “NeXT” was to fix Apple’s failed operated system strategy. They also wanted to lure Steve Jobs back to the company.
Over the next decade, Steve Jobs steered into the Apple Company back to profitability. He did this through a number of strategies, such as launching the iMac, iPod, iPhone and iPad to critical acclaim. He also launched “Think Different” and other memorable advertising campaigns. Additionally, he opened and bought the Apple Store retail chain.
Tim Cook succeeded Steve Jobs as CEO in the year 2011 due to health reasons. In August 2018, it became the 1st publicly traded US stock worth more than $1 trillion. After that, the stock value increased to $2 trillion in August 2020 and most recently to $3 trillion in January 2022. In July 1976, Wozniak unveiled the first prototype of the Apple I at the Homebrew Computer Club.
The Apple I motherboards included a CPU, RAM, and basic text-video chips. This was a base kit concept that had not yet been sold as a complete personal computer. It sold for US$666.66 (equivalent to $3,175 in 2021) upon launch.
On 12th December 1980, Apple (ticker symbol “AAPL”) sold 4.6 million shares to the public at $22 each ($.10 per share when adjusted for stock splits by September 3, 2022), raising over $100 million. In 1956, Ford raised more capital than any IPO from a motor company. By the end of the day, 300 millionaires had been created from a stock price of $29 per share and a market cap of $1.778 billion.
Its debut was signaled by the $1.5 million television commercial “1984” which is directed by Ridley Scott. The commercial aired during the third quarter of Super Bowl XVIII. It aired on January 22, 1984. It was now called the “watershed moment” for Apple’s success.
The iMac, a new all-in-one computer reminiscent of the original Macintosh, was introduced by Apple on May 6, 1998. It was a huge success and selling 800,000 units in its first 5 months.
The iMac led to major changes in the industry by abandoning legacy technologies such as the 3+1⁄2 inch floppy disk and early adopting the USB connector. It came pre-installed with Internet connectivity via Ethernet and dial-up modem (“i” on iMac).
In May 2001, the Apple Company opened its first 2 Apple Store retail locations in Virginia and California. It was provided better exposed to the company’s products. At the time, many experts has been expected the Apple stores to fail. But oppositely they were very successful.
On 23rd October 2001, Apple launched the iPod portable digital audio player. The product, which went on sale for the first time on November 10, 2001, was a resounding success, selling over 100 million units in 6 years.
In the year 2003, Apple introduced its iTunes Store. The service offered music downloads at 99¢ per song and was integrated with the iPod. With over 5 billion downloads as of June 19, 2008, the iTunes Store had become the market leader in online music services.
In June 2010, the iPhone 4 was released by Apple Company with features such as FaceTime, multitasking & video calling. The device featured a unique un-insulated stainless steel design that doubled as an antenna.
Later that year, Apple refreshed its iPod line of MP3 players again. They introduced the multi-touch iPod Nano. The iPod Touch with FaceTime & the iPod Shuffle, which brought back the click wheel buttons of previous generations.
On 17th January 2011, Apple Company announced in an internal memo that Steve Jobs would take another indefinite medical leave to focus on his health.
Chief operating officer “Tim Cook” manages Jobs’ day-to-day operations at Apple Company. But, Steve Jobs is still “involved in key strategic decisions”.
In June 2011, Steve Jobs made a surprise appearance on stage.
He unveiled iCloud computer program. It is an online storage and synchronization service for music, photos, files and software. iCloud was replaced “MobileMe”, which was Apple’s previous foray into content synchronization.
On August 24, 2011, Steve Jobs resigned as CEO of Apple, he was succeeded by Tim Cook. Steve Jobs became the chairman of the company.
At the time, Apple did not have a chairman. Instead they had 2 co-chief directors, Andrea Jung and Arthur D. Levinson. They continued to hold these titles until Levinson replaced Jobs as chairman of the board in November.
In April 2022, Samsung Electro-Mechanics was reported to be collaborating with Apple on its M2 chip instead of LG Innotech. Developer logs showed at least 9 Mac models being tested with 4 different M2 chips.
As sales of Mac computers with M1 chips increased in 2020 and 2021. The Wall Street Journal reported that Apple is well on its way to developing its own chips.
This is to combat semiconductor shortages that emerged in the COVID-19 pandemic era and boost profitability. This has prompted other companies such as Tesla, Amazon and Meta Platforms to follow suit.
In April 2022, Apple opened an online store. It was allowed anyone in the US to view repair manuals for recent iPhones & order replacement parts. However, the price difference between this method and an official repair had been expected to be small.
In May 2022, a trademark was filed for RealityOS. It is an operating system intended for virtual and augmented reality headsets. It was first mentioned in 2017. According to Bloomberg, the headset will be released in 2023.
On June 18, 2022, the U.S. Employees at an Apple store in Towson, Maryland, have become the first union to vote to join the International Association of Machinists and Aerospace Workers. On July 7, 2022, Apple added a lockdown mode to MacOS 13 and iOS 16 in response to previous Pegasus revelations.
