We use different Apple products and certainly enjoy the wonderful services they provide. The quality of Apple products has earned the company a good reputation which explains its immense success. Consequently, this technology company has made large amount of profits which has significantly contributed to its exceedingly high net worth. This will impress you.
Apple Net Worth - $1.4 TRILLION
Type - Public
Traded as - NASDAQ: AAPL, Dow Jones Industrial Average component, NASDAQ-100 component, S&P 500 component
Industry - Computer hardware, Computer software, Consumer electronics, Digital distribution
Founded - April 1, 1976, in Cupertino, California, U.S.
Founders - Steve Jobs, Steve Wozniak, Ronald Wayne
Website - www.apple.com
Apple is a technology company that is based in California in the United States. It manufactures and provides a wide range of products especially communication devices to millions of consumers. Some of its products include iPhone, iPad, iPod, Mac Computer, softwares and Apple watch. Its first computer product was made in 1976 by 3 friends ; Steve Jobs, Ronald Wayne and Steve Wazniak in a garage. The world’s biggest company also intends to venture into television by 2016 and automobile by 2020 with a projected $2.2 trillion dollars profit. According to investor Carl Ichn, the company is worth $ 1.4 trillion as per the year 2015.
Starting with its software, the company has generated a lot of cash from the sale of operating systems for most Apple devices in the Apple ecosystem. Such include iOS and OS X. Safari web browser and iTunes media players, Aperture, iWork, and iMovie are just but a few softwares that the company produces.
Secondly, this multi-billion company also provides a wide range of online services in order to reach million of its customers distributed all over the world. That is why we have iOS App Store, iTunes Store, iCloud and Mac App store. This gives the user an opportunity to download the company’s apps which in turn translates to revenue. iTunes is arguably the biggest online music retailer world wide.
Apple hardware products are just exemplary. This is why they have continued to command high sales despite their relatively high prices when compared to other products in the market. For instance iPhones, iPads, iPod and Mac computer. Many people are in possession of at least one of Apple products. This simply translates to profits for Apple hence its excessively net worth.
Reliable reports have also proven that of all the companies that deal in technology products, Apple takes the lead not only in the number of products it produces but also the profits it generates. For instance in 2015 fiscal year, its revenue collection by September stood at a whooping US$ 233 billion. It also has the highest number of assets and is regarded as one of the top mobile phone manufacturing company, being rated at position 3 worldwide. This has largely contributes to its amazing net worth.
The company’s net worth can be reflected in the huge number of employees it has but still manages to pay dearly. Apple employs over 100,000 people on permanent basis besides those that are distributed in their stores in major world cities. The Company has also collaborated with others such as Microsoft in order to produce Microsoft Office software for Mac computers. It also offers services in digital video editing through the use of editing software like Final Cut Pro. All this is money.
In one legal suit over infringement of intellectual property, Apple was paid $450 million by Samsung for damages caused. In conclusion, Apple is indeed a rich company and we expect its revenue to double with the introduction of the much anticipated Apple TV and Apple cars. What a big and profitable company!