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Apple Net Worth

Apple Net Worth

How Much Is Apple Net Worth?

Legal Name: Apple Inc.
Regions of Headquarters: Cupertino, California, United States
Founded Date: April 1, 1976
Founders: Steve Jobs, Steve Wozniak, Ronald Wayne
Number of Employees: 150000+
Type of Company: For-Profit
Area served: United States of America and world
Products of Company: International technology company
Net Worth: $ 2 Trillion

An international company of the United States of America is Apple Inc. which was formally known to be as Apple Computer Company from the year 1976 to 1977 then after twenty years from 1997 to 2007 the name of this company was changed to Apple Computer, Inc.

The headquarters of Apple Inc. is situated in Cupertino, California. Its major purposes are to develop, sell consumer electronics, designs, computer software, and online services.

The products that are delivered by Apple Company include both hardware and software. The hardware products that are made by the Company include iPad tablet computers, iPhone smartphones, Apple Watch smartwatch, Apple TV digital media player, Mac personal computer, and Airpods Max headphones.

Similarly, the software products that are created by the Company include iPadOS, watchOS, ios, and tvOS.

Several professional applications such as Logic Pro, Final Cut Pro X, and Xcode are also provided by the company. Moreover, various online services such as iTunes Store, ios App Store, Apple Music, Apple Store, Apple Pay Cash, and Card are also provided by the company. Among the big five companies in the United States information technology such as Amazon, Google, Facebook, and Microsoft, Apple is also considered one of them.

In January 2021, Apple is the largest information technology company by revenue of 365.8 billion dollars and is also considered the most cherished company of the planet earth.

Also, it is declared as the fourth-largest smartphone manufacturer along with the fourth-largest PC retailer by unit sales.

Top 3 Institutional Shareholders

Name of Shareholder Total Shares
Vanguard Group Inc. 1.3 billion shares
BlackRock Inc 1.11 billion share
Berkshire Hathaway Inc. 1 billion shares

Inception

On April 1, 1976, the Apple Company was established by Steve Jobs, Steve Wozniak, and Ronald Wayne on the basis of a business partnership.

The first product of the Company was Apple I which was a computer, which was designed and handmade completely by Wozniak.

For the purpose of funding its formation, the VW Microbus was only a motorized means of transportation and was sold by Jobs for only a few hundred dollars of an amount while the HP-65 calculator was sold by Wozniak for 500 dollars.

In July 1976, the foremost prototype was debuted by Wozniak at the Homebrew Computer Club. The accessory of the Apple I that was sold included a motherboard with CPU, RAM, and basic textual-video chips that were not enough to be promoted as a complete personal computer. On January 3, 1977, Apple Computer Inc. was assimilated without Wayne.

After this Wayne left the company and sold his share back to Jobs and Wozniak for 800 dollars. This happened only twelve days after the company was co-founded by them.

During the incorporation of Apple, a tycoon Mike Markkula provided indispensable business proficiency and funding of 250,000 dollars to Jobs and Wozniak.

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The revenues of the company rose very quickly and during the time period of the first five years of procedures, it became doubled after every four years. The annual sales of the company rose from 775,000 dollars to 118 million dollars from September 1977 to September 1980 and it was an average annual growth of 533%.

At the first West Coast Computer Faire, on April 16, 1977, the Apple II was introduced which was invented by Wozniak. The company Apple had a staff of computer designers and a production line at the end of the 1970s. In May 1980, in order to strive with IBM in the business and corporate computing market the company launched the Apple III.

All the future computers would use a graphical user interface (GUI), and for Apple Lisa’s development of a GUI started and this was immediately committed to Jobs. The sales of computers including Apple I and Apple II were greatly raised and this growth made Jobs and Wozniak appoint computer designers in the garage of Jobs.

The year in which Apple went public was 1980 and this caused economic success promptly. The company transported new computers featuring graphical interface users like Macintosh within a few years. For marketing advertisements for its products, the company Apple received an extensive precarious commendation.

Many problems and troubles had been faced by the company due to the high prices of its goods and limited applications. The struggles for power also initiated glitches between managers. In earlier 1985, Woznaik resigned from Apple but instead remained an honorable employee. Also in September 1985 Jobs with a few co-workers, left the company and seemed NeXT Inc.

Apple Revenue 2005 – 2021

Year (Millions of US $)
2021 $365,817
2020 $274,515
2019 $260,174
2018 $265,595
2017 $229,234
2016 $215,639
2015 $233,715
2014 $182,795
2013 $170,910
2012 $156,508
2011 $108,249
2010 $65,225
2009 $42,905
2008 $37,491
2007 $24,578
2006 $19,315
2005 $13,931

Apple Total Liabilities

2021 $287,912
2020 $258,549
2019 $248,028
2018 $258,578
2017 $241,272
2016 $193,437
2015 $170,990
2014 $120,292

Evolution

The market for personal computers rose very swiftly through the 1990s. The company lost significant market share to lesser priced duopoly Microsoft Windows. In 1982, Jobs hired John Sculley as CEO. In 1990, Michael Spindler became the CEO of the company in place of John Sculley.

In 1996, Gil Amelio was selected as CEO in order to recover the financial problems of the company. In order to modernize the Mac OS, he made many attempts first in 1988 with Pink project and then in 1994 with Copland but all in vain. Therefore, in 1997 to bring Steve Jobs back to work, Apple bought NeXT for its NeXTSTEP operating system.

 

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In 2000, Jobs became CEO of the company after retrieving his status of governance. In the year 2001, various trade manacles of stores were opened by Apple and in this way it returned to productivity along with achieving several companies to enlarge its software collection.

The name of Apple Company changed to Apple Inc. in the year 2007. The release of the iPhone led to great economic success for the company and this is only because of its concentration on consumer electronics.

However, Jobs resigned from his position of CEO due to having problems related to health in August 24, 2011 and Tim Cook was appointed as CEO. In June 2019, the CDO of Apple, Jony Ive resigned the company. Instead of having own business and would continue to work as a primary client for Apple.

The total revenue of Apple reached 274.5 billion dollars in 2020. On the planet earth, Apple is considered as the 4th biggest smartphone company. In August 2018, after achieving the proceeds of 1 trillion dollars, Apple became the number one U.S. publicly operated company.

The company acquired incomes of 2 trillion dollars in August 2020 and 147k employees along with 510 trade stores in more than twenty-five nations of the world. More than 1.5 billion goods of Apple are used on the planet.

Apple Net Income 2021

Year Net Income (Millions of US $)
2021 $94,680
2020 $57,411
2019 $55,256
2018 $59,531
2017 $48,351
2016 $45,687
2015 $53,394
2014 $39,510
2013 $37,037
2012 $41,733
2011 $25,922
2010 $14,013

Awards and Achievements

Apple is considered as one of the most valuable companies all over the world. It launched various iPhones, personal computers and other electronic devices for the public. It is also considered as the fourth-largest PC manufacturer and the third-largest company of smartphones worldwide.

Apple Total Assets

Year (Millions of US $)
2021 $351,002
2020 $323,888
2019 $338,516
2018 $365,725
2017 $375,319
2016 $321,686
2015 $290,345
2014 $231,839

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