Apple net worth 2023
Current Net Worth – $2950.51 Billion (USD – 2.95 Lakh Crore), (In Rupees – 24,57,10,66,25,00,000)
Apple short details
| Net Worth | $2950.51 Billion |
|---|---|
| Founded | April 1, 1976 |
| Age | 47 years |
| Founders | Steve Jobs, Ronald Wayne & Steve Wozniak |
| Sector | Computer and Technology |
| Industry | Computers – Minicomputers |
| CEO | Tim Cook (Aug 24, 2011-present) |
| Headquarter | 1 Apple Park Way Cupertino, California, U.S. |
| Market Cap | $2950.513 billion |
| Revenue | US$383.29 billion (2023) |
| Net Income | $97.00 billion (2023) |
| Assets | $352.58 billion (2023) |
| No. of Employees | 161,000 (2023) |
| Type | Public |
Apple Inc. has a net worth of $2950.51 Billion (In Rupees – 24,57,10,66,25,00,000), making it the world’s top brand among Amazon, Microsoft, and Google.
Apple is a global technology corporation based in the United States that specializes in consumer goods, internet services, and computer software.
Apple is the world’s largest technology firm by sales and the world’s most valuable corporation since January 2021.
Apple is the world’s fourth-largest PC vendor by unit sales and the fourth-largest smartphone maker as of 2021.
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Apple history
Steve Jobs, Steve Wozniak, and Ronald Wayne formed Apple in 1976 to build and market Wozniak’s Apple I personal computer.
On January 3, 1977, Apple Computer, Inc. was established without Wayne, who had quit and sold his portion of the business to Jobs and Wozniak for $800 only twelve days after co-founding Apple.
During Apple’s incorporation, multimillionaire Mike Markkula supplied critical business experience and money of $250,000 to Jobs and Wozniak.
It went public in 1980 and became an instant financial success.
Apple introduced the Macintosh in 1984, the first personal computer offered without a programming language.
Wozniak left Apple amicably in 1985, while Jobs quit starting NeXT, bringing other Apple coworkers with him.
Apple released the PowerBook in 1991, with a design that established the standard form for nearly all modern laptops.
On August 15, 1998, Apple unveiled the iMac, a new all-in-one computer reminiscent of the Macintosh 128K.
Apple established the App Store in July 2008 to offer third-party software for the iPhone and iPod Touch.
“Steve Jobs died on October 5, 2011, bringing an end to an era for Apple.”
Apple’s increasing stock price raised the company’s market value to a then-record $624 billion on August 20, 2012.
Apple topped Interbrand’s annual Best Global Brands study for six years in a row, with a valuation of $214.48 billion in 2013, 2014, 2015, 2016, 2017, and 2018.
Axios claimed on August 4, 2020, that Apple had “serious interest” in acquiring TikTok, however, Apple later refuted this.
On August 19, 2020, Apple’s share price momentarily surpassed $467.77, becoming the firm the first in the United States with a market value of $2 trillion.
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Apple products
Macintosh
| Year | Product | Detail |
|---|---|---|
| 1998 | iMac | Consumer all-in-one desktop computer |
| 2005 | Mac Mini | Consumer sub-desktop computer |
| 2006 | MacBook Pro | Professional laptop |
| 2006 | Mac Pro | Workstation desktop computer |
| 2008 | MacBook Air | Consumer ultra-thin, ultra-portable laptop |
iPod
Apple released the iPod digital music player on October 23, 2001.
Apple discontinued the iPod Nano and iPod Shuffle devices in late July 2017, leaving just the iPod Touch available for purchase.
iPhone
Steve Jobs unveiled the long-awaited iPhone, a combination of an Internet-enabled smartphone and an iPod, at the Macworld Conference & Expo in January 2007.
Apple released the iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12, Pro Max, on October 13, 2020.
iPad
The iPad, Apple’s much-anticipated media tablet, was unveiled on January 27, 2010.
On October 22, 2013, Apple unveiled the iPad Air and iPad Mini with Retina Display, both of which used a new 64-bit Apple A7 CPU.
Apple announced the 5th generation iPad Pro on April 20, 2021, with the same design as the 4th generation iPad Pro, except that the 12.9″ version is slightly thicker and heavier.
Apple Watch
Tim Cook launched the initial Apple Watch wristwatch on September 9, 2014, as a device featuring health and fitness tracking. On April 24, 2015, it was released.
Apple released the Apple Watch Series 5 on September 10, 2019, with a new magnetometer, a speedier CPU, and an always-on display.
Apple unveiled the Apple Watch Series 6 on September 15, 2020, with an emphasis on fitness, including blood oxygen monitoring and ECGs, among other fitness capabilities.
Apple TV
Jobs demonstrated the Apple TV, a set-top video device designed to connect the sale of content.
Apple released an upgraded Apple TV 4K on April 20, 2021, featuring the A12 Bionic CPU.
Homepod
The HomePod, Apple’s first smart speaker, was introduced on February 9, 2018, after being postponed from its planned December 2017 release date.
The HomePod was discontinued on March 12, 2021, so that the business could focus on its more popular HomePod Mini.
Electric Vehicles
According to the Sydney Morning Herald, Apple hoped to begin developing an electric automobile with self-driving capabilities as early as 2020.
Finances
The company’s production, procurement, and logistical capabilities allow it to carry out big new launches without the need for vast, profit-eroding stockpiles.
In 2011, Apple’s profit margins were 40%, compared to 10% to 20% for most other hardware businesses.
In 2013, the company’s global yearly sales were $170 billion.
| Year | Net Income | Total Assets |
|---|---|---|
| 2010 | $14,013 mil. | $75,183 mil. |
| 2011 | $25,922 mil. | $1,16,371 mil. |
| 2012 | $41,733 mil. | $1,76,064 mil. |
| 2013 | $37,037 mil. | $2,07,000 mil. |
| 2014 | $39,510 mil. | $2,31,839 mil. |
| 2015 | $53,394 mil. | $2,90,345 mil. |
| 2016 | $45,687 mil. | $3,21,686 mil. |
| 2017 | $48,351 mil. | $3,75,319 mil. |
| 2018 | $59,531 mil. | $3,65,725 mil. |
| 2019 | $55,256 mil. | $3,38,516 mil. |
| 2020 | $57,411 mil. | $3,23,888 mil. |
Controversy
Apple’s music troubles throughout the years have included disagreements with the European Union over iTunes, and difficulties updating the Spotify app on Apple devices.
In 2019, the US Department of Justice launched a study of Big Tech corporations to determine if they were unlawfully suppressing competition as part of a broader antitrust investigation.
On November 19, 2020, it was reported that Apple will pay $113 million in settlements linked to litigation arising from their iPhone’s battery issues and associated performance slowdowns.
Honor
Apple entered the top 10 of the Fortune 500 list of corporations for the first time in May 2013.
Apple became the first publicly listed business in the United States to be valued at more than $1 trillion in August 2018, and the first to be valued at more than $2 trillion two years later.
Apple is the world’s largest information technology business in terms of revenue.
It is also the world’s largest technology corporation in terms of total assets, and the world’s second-largest mobile phone maker.
Along with Amazon, Google, Microsoft, and Facebook, it is one of the Big Five American information technology corporations.
