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The purchase of Emagic made Apple the first computer manufacturer to own a music software company. The acquisition was followed by the development of Apple's consumer-level GarageBand application. [96] The release of iPhoto that year completed the iLife suite. [97] The MacBook Pro is Apple's first laptop with an Intel microprocessor, introduced ...
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]
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.
Learn who really owns Apple as the company faces a lawsuit from the US Justice Department for allegedly violating the Sherman Antitrust Act.
He invested $92,000 in Apple out of his own property while securing a $250,000 (equivalent to $1,340,000 in 2023) line of credit from Bank of America. [45] [38] In return, Markkula received a one-third stake in Apple. [45] Apple Computer, Inc. was incorporated on January 3, 1977. [38]
Apple's CEO owns millions of the company's shares, but at least one other person owns far more.
Armas Clifford "Mike" Markkula Jr. (/ m ɑːr ˈ k uː l ə /; born February 11, 1942) [1] is an American electrical engineer, businessman and investor. He was the original angel investor, first chairman, and second CEO for Apple Computer, Inc., providing critical early funding and managerial support.
Apple is today the largest company in the world, becoming the first firm to reach a $3 trillion valuation in 2022—four years after it was the first U.S. corporation to surpass the $1 trillion ...