Apple Inc. (formerly Apple Computer, Inc.) is an American technology company with an office in Cupertino, California, that designs and develops consumer electronics, software and online services. It is the first American company to have a capitalization of more than $ 1 trillion. This happened during the auction of the company's shares on August 2, 2018. On this day, the company also became the most expensive public company in history, surpassing the capitalization of the previous record holder - PetroChina ($ 1.005 trillion in November 2007).
In mid-August 2020, Apple's capitalization rose to $ 2 trillion. On September 3, 2020, the company's price fell sharply - by 8% (180 billion), which was a record for the stock market, but all the same value was more than 2 trillion dollars.
About the company
Devices developed by the company include an iPhone smartphone, iPad tablet, Mac personal computer, portable iPod media player and Apple Watch smartwatch. The software developed by the company includes macOS and iOS operating systems, iTunes media player, Safari web browser and iLife and iWork applications. Online services include iTunes Store, iOS App Store, Mac App Store and iCloud.
Apple was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1, 1976 to develop and sell personal computers. It was registered as Apple Computer, Inc. January 3, 1977 and was renamed Apple Inc. January 9, 2007 to reflect the shift in its priorities towards consumer electronics. Apple was included in the Dow Jones Industrial Average on March 19, 2015.
Apple is the world's largest company in the field of information technology in terms of revenue, the world's largest technology company in terms of assets and the world's third largest manufacturer of mobile phones. On November 25, 2014, in addition to being the world's largest public corporation by market capitalization, Apple became the first company in the United States to exceed $ 700 billion. The company employs 115,000 full-time employees as of July 2015 and has 453 retail stores in sixteen countries as of March 2015. ITunes Store is the world's largest music store.
The company's annual revenue in 2017 amounted to $ 229.2 billion, net profit - $ 48.4 billion, in 2015 - $ 233 billion. Most of the profits came from iPhone sales - 55% of them