Apple Inc : The Best Company Essay

1418 WordsNov 8, 20166 Pages
Apple Incorporated is a well-diversified company that designs, develops, and sells consumer electronics, computer software, and online services. It was founded by three men, Steve Jobs, Ronald Wayne and Steve Wozniak on April 1, 1976 in Cupertino, California. Since coming on board Apple Inc., has boomed tremendously in the market, making it a well profitable company. Apple produces numerous of products, such as the iPhone, iPad, Macintosh, iPod, Apple Watch, QuickTime and Apple TV. Each item helped Apple Inc., bring in a total of 233.7 billion dollars in revenue as of the year 2015. In the past month Apple Inc., has reached its highest peak of the year, resulting in an increase of the current stock price of $116.76. In this case study, it will be a proven fact that Apple Inc. is the best company to invest in as of 2016. For the first 30 years, Apple was called Apple Computer Inc., later it was changed to Apple Inc. on January 9, 2007 as it further expanded its products and services. Apple’s first computer was designed in 1976, it was called the Apple I with a set price of $666.66. The Apple II was broadcasted a year later on April 16, 1977. Both Apple PC’s were home desktop computers. “Most of Apple’s annual revenue (approximately $65 billion) is generated from the products Apple has invented during the last 10 years, such as iPods, iPhones, iPads, and iTunes. Almost half of its annual revenue, or $30 billion, comes from products invented in the past 4 years.” Apple went

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