Company Background And Background Of Apple Inc. – 985 Words | Bartleby
Company Background – Apple Inc.
Apple Inc. is a multinational corporation that produces consumer electronics, personal computers, mobile communication devices, computer software and peripherals, commercial servers, and is also a digital distributor of media content. The company also owns a chain of retail stores known as Apple Stores, which are available both offline and online.
The founders of Apple Inc.,
It is obvious that Apple designed and manufactured a wide variety of products and services since the beginning of time. Apple’s core product lines are originally the iPad tablet computer. Without delay, they developed more and more dominant products including
Section A – Company Background and Product BackgroundCompany Background – Apple Inc.Apple Inc. is a multinational corporation that produces consumer electronics, personal computers, mobile communication devices, computer software and peripherals, commercial servers, and is also a digital distributor of media content. The company also owns a chain of retail stores known as Apple Stores, which are available both offline and online.The founders of Apple Inc., Steve Jobs , Steve Wozniak and Ronald Wayne created Apple Computer on 1st of April 1976, and incorporated the company on 3rd January 1977 in Cupertino, California. Wayne then withdrew from the partnership, leaving Jobs and Wozniak as the primary co-founders of the company. After that, Apple went public on December 12, 1980 at $22.00 per share. The stock has split four times since the IPO so on a split-adjusted basis the IPO share price was $0.39. As for now, Tim Cook took over as the current CEO of Apple Inc. (Apple Inc., 2015).It is obvious that Apple designed and manufactured a wide variety of products and services since the beginning of time. Apple’s core product lines are originally the iPad tablet computer. Without delay, they developed more and more dominant products including iPhone smart phone, iPod portable media players,
was known as Apple Computer, Inc. for more than three decades, however it faced rocky sales and low market share during the 1990s due to mismanagement. Therefore, Jobs, who had been ousted from the company in 1985, returned to Apple in 1996 after his company ‘NeXT’ was bought by Apple. Jobs subsequently instilled a new corporate philosophy of recognizable products and simple design since 1998, which later became the reason for the success of Apple Inc.. With the succeed of iMac, iPod and iTunes Music Store, Apple recognized itself as a leader in the consumer electronics and media sales industries, leading it to drop “Computer” from the company’s name in
