APPLE INC

 

APPLE INC



Apple Inc. is an American multinational technology company that specializes in consumer electronics, software and online services. It is the world's most valuable company, the fourth-largest personal computer vendor by unit sales and second-largest mobile phone manufacturer.


 

Apple I
 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. Apple went public in 1980, to instant financial   success. The company went onto develop new   computers featuring innovative graphical user interfaces, including the original Macintosh, announced in a critically acclaimed advertisement, "1984", directed by Ridley Scott. By 1985, the high cost of its products and power struggles between executives caused problems. Wozniak stepped back from Apple amicably, while Jobs resigned to found “NeXT”, taking some Apple employees with him.

Apple II

 

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 clonesIn 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 memorable advertising campaigns, opening the Apple Store retail chain, and acquiring numerous companies to broaden the company's product portfolio. 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 sometimes 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 enjoys a high level of brand loyalty, and is ranked as one of the world's most valuable brands.

Location: Jaffna, Sri Lanka

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