Introduction Of Apple Inc. Essay

1051 WordsOct 28, 20155 Pages
Introduction (KS) Apple Incorporated is a multination technology company that designs, manufactures, and markets, mobile devices used for communication and multimedia purposes. The company also offers various software, services, applications, and accessories to accompany its’ devices. Based in Cupertino, California, the company was founded on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. The original goal of the company was to create and sell personal computers. The company was originally incorporated as Apple Computers, Inc. by changed the name to Apple Inc. in 2007 to show that the company was more broad than just computers and were shifting their focus to consumer electronics (Richardson). As of Apple Inc.’s fiscal year ending in September 2014, the company’s revenues totaled $182.795 billion. The revenues for the company increased from the prior year 2013, which totaled $170.910 billion. The company’s revenues have been steadily increasing each year. The 2012 revenues totaled $156.508 billion, 2011 revenues totaled $108.249 billion, and the revenues for 2010 totaled $65.225 billion (Apple Inc. Form 10-K). In the third quarter of Apple’s 2015 fiscal year, April 2015 to June 2015, the company made $49.6 billion in revenue, of which the company made a profit of $10.7 billion. A majority of Apple’s revenues come from the iPhone. IPhone sales for the 2015 fiscal year third quarter totaled $31.368 billion, which encompasses 63% of

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