Apple Inc. (AAPL) is a technology company that designs, manufactures, and sells consumer electronics, computer software, and online services. The company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne and is headquartered in Cupertino, California. Apple’s product line includes a range of popular devices such as the iPhone, iPad, Mac, Apple Watch, and Apple TV, as well as a range of software and services including the macOS and iOS operating systems, the iTunes media player, the Apple Music streaming service, and the iCloud storage and backup service. Over the years, Apple has become one of the most valuable companies in the world (circa 2023). The company’s success is due in large part to its strong brand identity, innovative design, and marketing strategies, as well as its ability to create seamless integration between its hardware and software offerings.
as of March 6, 2023
Apple is currently valued at $2.4 Trillion, in USD. That’s a lot. It has 164,000+ employees and generates nearly $600,000 in net profit for everyone of them annually. That’s impressive. Oh, and it’s continued to grow at about 12% a year in the last 5 years, which is why its stock is up 250% in that time. There are no secrets to its success – technology products everyone wants to use. It will be around for decades to come, but is unlikely to produce similar results for investors.
