History of the Company:
Apple was founded on April 1, 1976 by Steve Jobs and Steve Wozniak and is headquartered in Cupertino, CA.
The “Two Steves” founded the company with a vision to make a user-friendly version of high-end computer technology widely available both for home and business use. Apple became a household name with the introduction of the Apple II computer and the Apple Disk II.
These two products made history as the first pre-assembled personal computer, complete with a keyboard and color graphics, and the easiest and most inexpensive floppy disk storage device of the day.
From its revolutionary beginnings in the late 1970’s, Apple has grown into the internationally revered tech giant of today, dominating the computer, music, and telecommunications industries worldwide.
Trading Apple: What You Need to Know
- Apple went public on December 12, 1980 and brought in more capital than all IPOs since the Ford Motor Company in 1956. It is currently traded on the NASDAQ.
- More people were made millionaires by the Apple IPO (over 300) than by any other company in history.
- Since its foundation in 1976, the company has had many ups and downs. Beginning in the late 1980’s and throughout the decade of the 90’s, Apple went through a very rough period, where it lost a lot of ground to its rival, Microsoft, internal rivalries, and stagnating innovation.
- Is currently the largest publicly traded corporation in the world.
- Apple recovered all of its ground and surpassed Microsoft and all other rivals by the mid-2000’s.
- With Steve Jobs heading the company again, Apple reinvented its computer software, began building Intel-based systems, introduced the first and partnered with Microsoft.
- It secured its behemoth status when it introduced iTunes and iPods, becoming a leader in the music industry, and further increased its hi-tech market share with the release of iPads, iOS software, and the legendary iPhone smartphone technology.
- Was the leading vendor in mid-2014 in smartphone market shares, holding over 41% – yet with a host of competitors fighting for strength, this should be something traders of Apple should keep a close eye on.
- As of June 28, 2014, when Apple announce its fiscal 3rd quarter earnings, international sales constituted 59% of its revenue, with the majority of the revenue coming from iPhone and Mac sales.
- The company posted a net profit of $7.7 billion for the same period, up from $6.9 billion a year before.
Anyone who wants to trade Apple should carefully analyze the market conditions before trading.Trade AAPL