Explainers

Apple of the World’s Eye

April 27, 2021

Apple of the World’s Eye

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.

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