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Apple Inc. is a U.S. hardware and software manufacturer. Apple develops and sells computers, smartphones and consumer electronics as well as operating systems and application software. In addition, Apple is running the iTunes Store and App Store, which sell music, movies, and software online. Apple’s headquarter, Apple Park, is located in Cupertino, California.
Apple was founded in 1976 by Steve Wozniak, Steve Jobs, and Ron Wayne as a garage company. Apple was one of the first manufacturers of personal computers. In this regard, the company contributed significantly to the development of personal computers as a mass-produced product. In 1980s, Apple developed Lisa and Macintosh computers installed with GUI and mouse. While developing iPod, iPhone and iPad, Apple gradually expanded the business into markets other than personal computers. According to Financial Reports, the iPhone accounts for more than 50% of Apple’s net sales and has become its most important product.
iTunes Store enabling downloads of music and movie is the first commercially succeeded download portal. In addition, the iTunes Store played a decisive role in the market formation of distribution of digital products. Today, the iTunes Store and App Store are two of the world’s largest distribution channels for digital products.
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Latest News and Analysis on Apple Inc.
Apple (NASDAQ: AAPL) announced 2022 Q2 financial results on May 28, 2022. According to the announcement, net sales, operating income and net income were up 9%, 9% and 6%, respectively (YoY, 3 months). In addition, diluted EPS was increased by 9%. Sales of Products were up 7%, while sales of services were up 17%. InContinue reading “Apple recorded Single Digit Growth in 2022 Q2”
Apple (NASDAQ: AAPL) announced 2022 Q1 financial results on January 27th, 2022. According to the announcement, total net sales, operating income and net income were up 11%, 24% and 20%, respectively (YoY, 3 months). In this regard, the sales of products were up 9% while the sales of services recorded a significant increase of up 24%.Continue reading “Sales of Mac was Up 25% in 2022 Q1”
Apple (NASDAQ: AAPL) announced its 2021 Q4 financial results on October 28, 2021. According to the announcement, total net sales, operating income and net income were up 29%, 61% and 62%, respectively (YoY, 3 months). Diluted EPS was up 70%. According to the Apple’s 2020 Q4 financial results, total net sales in 2020 Q4 wereContinue reading “Apple announced 2021 Q4 Financial Results on October 21”
Apple (NASDAQ: AAPL) announced its 2021 Q3 financial results on July 27th. According to the announcement, net sales, operating income and net income were up 36.4%, 84.3% and 93.2%, respectively (YoY, 3 months). Product sales was up 37.4% while service revenue was up 32.9%. Thus, growth of the product sales slightly exceeds growth of theContinue reading “Apple announced 2021 Q3 Financial Results”
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