Written by: Sushant Nepal - 23044, Grade XI
Posted on: 21 September, 2021
Apple is an American multinational technology company that specializes in consumer electronics, computer operating systems, software and online services. As of 2021, Apple is the biggest technology company having a revenue of $274.5 billion. It is mostly known for its products like the iPhone, iPod, iPad, MacBook, iMac, apple watch, apple tv, apple home pod and other services. The name “apple” was inspired by an apple farm while Steve jobs was on a fruitarian diet. Some also say that Apple was Jobs’ favorite fruit. Its first logo depicted Sir Isaac Newton sitting under an apple tree, which was later replaced by the half-eaten rainbow apple and now with a standard all-black half eaten apple logo.
Apple Computers, Inc. was founded on April 1, 1976 in Los Altos, California, by college dropouts Steve Jobs and Steve Wozniak, who brought to the new company a vision of changing the way people viewed computers. The two dropouts wanted to make computers small enough for people to have them in their desks as computers were very large in size back then. Apple-I was their first computer. It was primarily built by Wozniak, and Jobs used to handle the marketing side. In the same year Apple II was launched which drove the company’s revenue, despite the hardware remaining largely the same. In 1983, Steve Wozniak left Apple due to less interest day by day running Apple computers.
John Sculley served as Apple’s CEO until 1993 During those years, Apple enjoyed strong growth. It created new products, including laser printers, Macintosh Portable, PowerBooks, the Newton, and much more. Apple products continued to sell at a premium, so the margins were generous for Apple and led to strong financial results. During the same period, however, cheaper computers running Windows were serving a far larger middle market, while Windows also benefited from powerful Intel processors. By comparison, Apple seemed to be stalling. Apple boosted when Steve Jobs revamped the computers and introduced the iBook (a personal computer laptop) later followed by iPod (an iTunes only mp3 player). Later the decade in 2007, Apple Inc launched its first touch screen mobile phone called an iPhone. It is still one of the most successful products the company has ever released. Unfortunately, Steve Jobs died on October 5, 2011 due to Pancreatic Cancer at the age of 56.
Some interesting facts about Apple
