Apple of the World’s Eye2 min readReading Time: 2 minutes
Apple was the first American company to hit a $1 trln market cap. The company’s current offerings are phones, laptops, watches, Airpods & Ipods. The new Business model of Apple is subscriber driven through its streaming services – TV+, Apple Arcade, Music, and so on.
The company is working towards future technology and may soon launch AR Glasses & Apple Cars.
A Walk Down the Lane
Apple Computers, Inc. was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak, who brought to the new company a vision of changing the way people viewed computers.
The duo envisioned creating computers small enough for everyone to have them in their homes or offices. Simply put, they wanted a computer that was user-friendly.
Jobs and Wozniak started out building the first computer, Apple I, in Jobs’ garage and sold them without a monitor, keyboard, or casing. The Apple II revolutionized the computer industry with the introduction of the first-ever color graphics. The company’s sales jumped from $7.8 million in 1978 to $117 million in 1980, which was the year Apple went public.
Later, the company went on to make gadgets that were even more compact such as laptops, mobile phones, Ipods, and so on.
Here’s a snapshot of its latest performance
Disclaimer – This content is purely for informational purpose and in no way advice or a recommendation.
Paytm Money Ltd (SEBI Reg No. INA100009859) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. The New Fund Offer is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Such representations are not indicative of future results.