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Apple Computer Company was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne as a partnership. [8] [11] The company's first product is the Apple I, a computer designed and hand-built entirely by Wozniak. [12] To finance its creation, Jobs sold his Volkswagen Bus, and Wozniak sold his HP-65 calculator.
Apple's largest acquisition was that of Beats Electronics in August 2014 for $3 billion. [7] Of the companies Apple has acquired, 71 were based in the United States. In early-May 2019, Apple CEO Tim Cook said to CNBC that Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone.
Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. [7] In 2023, Apple was the largest technology company by revenue, with US$394.33 billion. [8]
Learn who really owns Apple as the company faces a lawsuit from the US Justice Department for allegedly violating the Sherman Antitrust Act. Apple is being sued for allegedly creating a monopoly ...
Berkshire Hathaway has owned Apple stock since 2016 and currently owns 5.86% of the company, a position valued at over $163 billion. Apple is the inventor, manufacturer and marketer of technology ...
As of February 2021, Apple's biggest shareholder was the Vanguard Group, which owned more than 1.3 billion shares of the company's 16 billion.
Current Apple Inc. logo, introduced in 1998, discontinued in 2000, and re-established in 2014 [1]. Apple Inc., originally Apple Computer, Inc., is a multinational corporation that creates and markets consumer electronics and attendant computer software, and is a digital distributor of media content.
The conglomerate owned about 246.5 million shares, or about 5.1% of Apple, as of June 30.The share purchases came amid speculation over how Berkshire will deploy a growing mountain of cash.