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Apple Inc. is an American multinational company, famous for manufacturing smartphones, tablets, PCs and many other electronic devices. It is headquartered in Cupertino, California. The company manufactures a variety of products and they provide a distinctive style to the products. The company has more than 25 manufacturing units in different countries.
Apple Inc. is regarded as one of the five largest companies in the US IT sector along with some of the big guns like Microsoft, Google, Amazon and Facebook. Though the products are very expensive, the quality of their products is unmatched and this is the reason for their success. The logo itself is a status symbol for many.
History
Apple Inc., the dream company of Steve Jobs, Steve Wozniak and Ronald Wayne was founded by all three of them in 1976. At that time he sold the Apple I personal computer and later the Apple II computer which became really famous. The company was renamed Apple Computer Inc. in 1977.
They took the company public in 1980 to some degree of financial success. They manufactured the iMac and opened several retail shops across the United States. The company regained its status in 2007 when it was named as Apple Inc.
Apple’s Revenue of the year 2021 is $365,817.
Key Products
Apple is a consumer product juggernaut. It makes a variety of communication equipment, personal computers, digital music players and other technical gadgets. Some of its best-known products are:
- iPad
- iPhone
- Mac
- Apple Watch
- iPod
- Apple TV
The company also offers other services ranging from iCloud and Apple Pay to the iOS operating system.
Apple’s Top Shareholders
As a group, institutional and mutual fund shareholders own 58.63% of all shares of Apple.
| SHAREHOLDER | PERCENTAGE OF SHARES |
| The Vanguard Group Inc. | 7.65% |
| Blackrock Inc. | 6.22% |
| Berkshire Hathaway | 5.37% |
| State Street Corp. | 3.77% |
| FMR LLC | 2.12% |
| Geode Capital Management LLC | 1.54% |
| T. Rowe Price Associates Inc. | 1.17% |
| Norges Bank Investment Management | 1.01% |
| Bank of New York Mellon Corp. | 0.93% |
(percentage may change with time)
Apple’s market cap
Apple’s market cap varies from moment to moment primarily based on its share price. Although an increase in outstanding shares can also increase its market cap, that type of change occurs much less frequently than a change in share price. Apple currently has a market cap of $2.48 trillion.
Net Worth of the Tech Giant.
| Name | Apple Inc. |
| Net Worth 2022 | $2948 Billion ($2.948 trillion) |
| Net Worth in Indian Rupees | Rs. 216 Lakh Crore |
| Total assets | $329 Billion |
| Net income 2021: | $94,680 Billion |
| PE Ratio 2022 | 31.60 |
| CEO | Tim Cook (24 Aug 2011–) |
Apple Inc. current value of the shares is approximately $2.655 trillion. The company overall is worth more than many other companies. iPhone ranks third in terms of best-selling smartphones despite its high price. Apple is also in a commanding position when it comes to other electronic devices and gadgets. Its AirPod is becoming a sensation these days because earlier Apple used to sell iPod in bulk. The company is trying its level best to become viable for everyone and to broaden its services.