Apple Net Worth

June 18, 2015

Apple net worth: American multinational company that design, develops and sells personal computers and consumer electronics, Apple has a net worth of $700 billion.

Apple net worth

Apple Inc., an American multinational technology company, is world famous for its computer related services that extends to every corner of the world. Its innovation with the “Think Different” ad campaign has been leading the technology market for a very long time.

Apple was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1, 1976 and was incorporated as Apple Computer, Inc. in 1977. It which was later on changed to Apple Inc., in 2007, reflecting the shifted focus of Apple towards Consumer electronics.

The first product of this company was a computer kit Apple I, and with the passage of time, Apple introduced iPod, iMac, iPad and iPhone. The production of these tech gadgets have taken the company to next level making Apple one of the few billion dollar companies in the world.

Apple Inc. has managed to build a brand empire being the largest publicly traded corporation in the world by market capitalization, as well as the first U.S. company to be valued at over $700 billion in 2014.

Steve Jobs is always considered to be the mastermind behind the success of Apple Inc., which managed to flourish even after his death on October 5, 2011. With some internal conflicts, the company has definitely faced some highs and lows but has been one of the few companies that rose from bottom to the peak in no time.

Gaining the worldwide enthusiasm with the release of mobile products, Apple has also maintained a high demand for its consumer software including iOS operating systems, safari web browser and iTunes, later of which is the world’s largest music retailer.

As the statistics say, Apple now employs around ninety eight thousand permanent employees and maintains 453 retail Apple stores in sixteen countries. Apple has been the most admired company for last seven to eight years as it managed to grow larger and larger multiplying its profitability by tens in the last decade itself.

The Company has earned around $118.9 billion at the end of year 2014 and Apple’s net worth of $700 billion makes it one of the most valuable companies in the world.

Quick Facts about Apple Inc.

Founded: April 1, 1976

Founders: Steve Jobs, Steve Wozniak, Ronald Wayne

Headquarters: Cupertino, California, U.S.

Industry: Computer hardware, software, electronics, digital distribution

CEO: Tim Cook

Products: Mac, iPod, iPhone, iPad etc

Services: Apple Store, iTunes store, iBooks, iCloud etc

Area Served: Worldwide

Number of locations: 453 retail stores in 16 countries

Number of employees: 98,000

Apple Net Worth: $700 Billion