Apple Inc
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July 1, 2020
Updated on:

Apple Inc

Revenue:
USD 260.2 billion (2019)
Profit:
USD 55.3 billion (2019)
Employees:
137,000 (2019)
Headquarters:
Cupertino, California
Founded:
1 April 1976
Current CEO:
Tim Cook (24 Aug 2011–)
Parent:
This is the ultimate parent

Description

Apple Inc was founded in 1976 by Steve Jobs and Steve Wozniak. The company is headquartered in Cupertino, California, United States, and designs, develops, and sells consumer electronics (including the iPad, iPhone, Mac, and Apple Watch), computer software, and provides services such as AppleCare.

Apple was incorporated as Apple Computer Inc in January 1977. Within a few years of the company's launch, Jobs and Wozniak had hired computer designers and had a production line, and by 1980 Apple had gone public.

Probably the company's greatest decision was to acquire NeXT (February 1997) and bring Steve Jobs back into the fold, where he regained the title of CEO in 2000. From there, the company cut a number of product lines (including the Newton - a handheld device), to focus on its core products. The company then went on to start Apple Stores in 2001, and launched the iPhone at the Macworld Conference & Expo in January 2007.

For the 2019 fiscal year, Apple employed 137,000 people globally. Apple’s fiscal year is the 52- or 53-week period that ends on the last Saturday of September. Therefore, the company's year end fluctuates from year to year.

Apple is traded on the NASDAQ under the code AAPL.

In United States Dollars (USD)
In United States Dollars (USD)
In United States Dollars (USD)

Operating Segments:

iPhone - This segment includes the sales of iPhones. For the year end 28 September 2019, iPhone sales accounted for 54.73% (USD 142,381 million) of total net sales.

Services - Services net sales include sales from the company’s digital content stores and streaming services, AppleCare, licensing and other services. For the year end 28 September 2019, services accounted for 17.79% (USD 46,291 million) of total net sales.

Mac - This segment includes the sales of Mac products, which includes MacBook Pro, iMac, Mac Pro, MacBook Air, and Mac mini. For the year end 28 September 2019, Mac sales accounted for 9.89% (USD 25,740 million) of total net sales.

Wearables, home and accessories - Wearables, home and accessories net sales include sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and Apple-branded and third-party accessories. For the year end 28 September 2019, the wearables, home and accessories segment accounted for 9.41% (USD 24,482 million) of total net sales.

iPad - This segment includes the sales of iPads. For the year end 28 September 2019, iPad sales accounted for 8.18% (USD 21,280 million) of total net sales.

Mergers and Acquisitions:

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