Apple, Inc. core values in which the company continues to practice on are the following: First, Environmental Responsibility, Apple continuing mission is to leave the world better than how they found it. Secondly, Supplier Responsibility the belief that there is a right way to making products, and it starts with the rights of the people who make them. As well as, setting high standards for suppliers to meet. Thirdly, Accessibility of their products that means Apple products should be intuitive and easy to use. Fourth the commitment to the privacy of their customer where it be on their hardware, software, services and even iCloud. And, Apple 's focus on Inclusion & Diversity their belief on their employee’s diverse background bringing perspective to the workplace and therefore innovation. They currently focus on hiring partners who make diversity a priority and creating opportunities. Finally, Education, The belief that children are the future, Apple has given products, support and opportunities to schools in need. (Apple Website) Apple’s Fiscal year is a 52-week period that ends on the last Saturday of September. This 2015 fiscal year Apple had revenue of $234 billion. Having had grown 28% from the prior year of 2014. On 2014 Apple’s revenue was $183 billion and on 2013 their Revenue was $171billion. If you notice this trend of revenue, Apple has grown every year. Apple had a Gross margin of $94 million with a 40.1% gross margin increase from 2014 that was $70 million and
The principles that Apple has are to keep good standard of customer service and good quality products. Apple wants to achieve as business honesty, respect with the stakeholders, and protect apples information of customer employees and suppliers. These aims can influence the business to achieve more. The influence of apple as business is to keep their employees and customers happy and satisfied that how, Apple can keep a good reputation.
Apple is an American multinational corporation which designs, manufactures and markets a range of consumer electronics and software products (Apple Inc., 2008). At the end of last fiscal year, Apple’s worldwide annual sales amounted to $32.5 billion, an increase of 35% from 2007 (Apple Inc., 2008). Not surprisingly then, was Apple voted America’s most admired company, also topping the global survey (Fortune,
I have recently graduated from a Bachelor of Arts in Business Management, majoring in Operations Management from a local university and have secured a position as the Operations Executive in an organisation based in Penang, Malaysia.
Apple is a global company represented in many parts of the world, but born in the United States by computer wizards by the names of Steve Jobs and Steve Wozniak who founded the company back in 1976 (Capon, 2008). The organization deals with the design and sale of computer hardware, software and offers tech support to its customers. Examples of the hardware the company manufactures and sells include mobile phones, personal computers, iPads, tablets and iTunes with associated brands, like the MacBook and iPhones that represent Apple’s driving force towards its success. It is recognized as a brand leader in consumer electronics by the world in terms of quality and customer satisfaction and despite the wide product range, Apple manages each product in a distinct way that is a single business unit (Mittan, 2010).
For the fiscal year (FY) 2013 fourth quarter (Q4) Apple posted revenue of 37.5 billion and quarterly profits of 7.52 billion. Figure 1 shows financial data for three consecutive years from 2011-2013. See Appendix Figure 1 for financial details. Net sales for FY 2013 were $170,910 million an increase of $14,402 million from FY 2012 (Apple reports, 2013). Apple sold 33.8 million iPhones, 14.1 million iPads, and 4.9 million Macs during 2013 Q4. Apples App Stores’ sales exceeded $10 billion for FY 2013. App Store customers downloaded almost three billion apps in December 2013 making it the most successful month in App Store history (App store sales, 2013).
To determine the alignment between the stated values of Apple Inc. and their actual plans and actions we first need to review their mission and vision statement. According to "Investor Relations: Frequently Asked Questions" (2013), Apple’s mission statement is " Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple
Apple Inc. is a well-known computer manufacturer, smartphone and digital devices device maker. Company have made strong roots in the computing market since its beginning its’ all, because of its maintained quality which have been continuously
Apple, Inc., an American multinational technology company, which founded on April 1, 1976 in California, United States. The company has earned $53 million of income in 2015, which increase $14 million of income compared with 2014 (Apple Inc., 2015). It has developed from a small personal computer company to a multinational corporation that selling various types of electronic products and software such as, iPad, iPhone, iOS, and others (Apple Inc., 2016).
It has been noted for years Apple doesn’t appear to have an official Mission or Vision Statement. Google searches produce only quotes from executives and speculation but the following is a quote from Tim Cook regarding Apple’s business philosophy found Alvin Alexander’s blog at alvinalexander.com dated May 5, 2015:
Apple believes there is a correct way to making the product and then there are the right people who make the product. Apple has more than 1.6 million employees that work for them around the world. The company has very high standards and want all of the workers to be able to keep those standards high. They also say that the workers have human rights and they want everyone to be treated fairly and paid fairly no matter what the race and or gender of the person is. It is also important for them to make sure that their employees are prepared for success no matter if it is with them or someone else to see them succeed. Everyone is the Apple company is treated like family. Apple makes sure its employees are happy and love working where they
Apple corporate culture has played a major role in its success; the corporate culture is founded on values, traits, morals, principles and standards that are believed to be crucial in assisting it and its employees to succeed. The corporate culture is the foundation for what is done in Apple and how it is done. Cumulatively, the distinctive values make Apple a unique company. Apple’s core corporate culture is founded on innovation and nurturing talents of creative people. The company strives to build highly innovative products that not only meets but exceeds the expectations of the customer. Apple’s products embody outstanding designs and styles that attract consumers across the world. Since its inception, Apple has always been associated with cutting edge technology; the company boasts of the most
Apple has prospered internally and it is necessary to consider both strengths and weaknesses. Apple has lots of strengths, the major of them being it’s impressive brand reputation, Apple managed to position the brand as “premium products” for “elite” people. Customers are loyal and tend to stay in Apple’s ecosystem. Apple’s self-reinforcing ecosystem, it has a diverse ecosystem which integrates various hardware and software products into one large interactive space. Status of top innovator, Apple is perceived as the leading innovator and its products are highly anticipated. Apple’s very strong financial performance, high profit margins and very high liquidity. It’s network of retail stores, high-quality customer service helps to create advanced user experience. A powerful marketing strategy, Apple’s team masterly uses various marketing techniques to create a hype for their products and to strengthen the brand.
Throughout history there have been many successful companies as well as companies that have been a debacle. The success of the company has to do with the management and how it executes its strategy. If the management is ineffective, the company will most likely fail; however, if the company has good management it is more likely to prosper. There are many responsibilities that a manager must complete, chief among them are the four functions of management are planning, organizing, leading, and controlling (PowerPoint). In order for the company to be successful the management must fulfill all four functions. In some case not all four functions are met to expectation, with the results that the company to be not as successful as it could be if they
Apple strongly followed its beliefs, model strictly. They followed differentiation as a main agenda while developing their products and also vertical integration.
The company's best-known hardware products are Macintosh computers, the iPod and the iPhone. Apple software have the Mac OS X operating system, the iTunes media browser, the iLife suite of multimedia and editing software, the iWork suite of productivity software, and Final Cut Studio, a suite of professional visual and movie-industry software products. Apple Inc. operates more than 250 retail stores in nine countries and an online store where hardware and software products are sold. Apple established in Cupertino, California on April 1, 1976 and incorporated January 3, 1977, the company was called "Apple Computer, Inc." for its first 30 years, but dropped the word "Computer" on January 9, 2007 to reflect the company's ongoing expansion into the consumer electronics market in addition to its traditional focus on personal computers.