Apple Inc. Company Analysis

1043 WordsMay 15, 20165 Pages
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1,1976. Apple was incorporated as Apple Computer, Inc. in 1997 and later renamed Apple Inc. to highlight its shift in focus towards consumer electronics in 2007. Apple is the world 's largest information technology company by revenue, the world 's largest technology company by total assets, and the world 's second-largest mobile phone manufacturer. Apple became the first U.S. company to be valued at over US$700 billion. As of March 2016 Apple operates and maintains 475 retail stores in seventeen countries. Apple also owns and operates the online Apple Store and iTunes Store. The iTunes Store is the world 's largest music retailer. For the fiscal year ending in September of 2015, Apple 's worldwide annual revenue was $223 Billion. McDonald 's is the world 's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across more than 36,000 stores. Mcdonald 's was founded in 1940. Mcdonald 's was originally a barbecue restaurant owned and operated by brothers Richard and Maurice McDonald. In 1948 the two brothers reinvented their business as a hamburger restaurant using production line principles. Businessman Ray Kroc joined the company as a franchise agent in 1955. In 1955 Ray Kroc entered the company as a franchise agent, where he later purchased Mcdonald 's from the two brothers. A McDonald 's restaurant is operated by either a franchisee,
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