iPhone is the most popular product of Apple Inc. company. And this company is an American multinational technology company that designs, develops and sells consumer electronics, computer software, and many online services. Other products besides iPhone that are popular are Ipad tablet computers, Mac personal computers, iPod portable media players, Apple Watch smartwatches, and others.
They are also popular for their software like macOS, iOS, iPadOS, and others. They’ve had their own iOS App Store, Mac App Store, Apple Music, and iTunes Store.
If you want to know more about this amazing company and it’s the most known product iPhone, and what’s the net worth of this company, keep reading this article.
The History of Apple Inc.
Apple was founded by the now-famous Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. The company was founded with the idea to sell Wozniak’s Apple I personal computer. It took Wayne only 12 days to sell his shares back and only Jobs and Wozniak were left at the company.
They’ve couldn’t imagine the future, but the future of the company was bright. Within just a few years they’ve had a production line and computer designers that were working for them. In 1980, they went public and they’ve managed to secure financial success.
In 1985, Wozniak left Apple Inc. and remained an honorary employee, and Jobs resigned and founded NeXT.
Apple had some major problems and they’ve lost market share to Microsoft Windows, but they’ve recruited CEO Gil Amelio to help them rehabilitate. Amelio led Apple by NeXT in 1997 and that move brought Steve Jobs back to the company. After just three years Jobs became the CEO of Apple.
Steve Jobs made history when he launched the iPhone in 2007. But unfortunately he resigned as CEO in 2011, because of his health problems, and he died just two months later. It was a sad day for the whole world and the end of an era for the company.
The History of the iPhone
At the Macworld Expo on January 9, 2007, Steve Jobs gave a historic speech and he announced that the company is changing its name to Apple Inc. because they’ve shifted their emphasis from only computers to consumer electronics. That was also the first time the iPhone was announced and introduced alongside the Apple TV. The first iPhone was called “a game-changer for the industry” and they’ve sold 270,000 iPhone units in the first 30 hours of sales. And the rest is history, the iPhone is now the most famous and one of the best smartphones in the world. By the end of the year, 2008 Apple was the third-largest mobile handset supplier in the whole world because the iPhone became so popular.
Till today there were many successful models of iPhone launched and the lastest ones are the iPhone 11, iPhone 11 Pro and the iPhone 11 Pro Max. All of these new iPhones have an A13 Bionic chip with a third-generation Neural Engine, and Apple U1 chip, a low light photo mode, and an improved Face ID system, and many more features.
The Net Worth
Apple is the world’s largest technology company by revenue and it’s the most famous company in the world. Every year they surprise the public with something new and revolutionary and they are going to grow as the times passes by. In August 2018 they’ve become the first public U.S. company to be valued at over $1 trillion. They have some setbacks from time to time and in January 2023 they’ve reported its first decline in revenues and profits in a decade. But they always manage to go right back on tracks.