Ever think about who owns Apple? It’s not easy to know who profits from the trillion dollar giant.
Let’s look at who has shares in the most valuable business in the world. This article will tell us all!
Introduction to Apple
Apple Inc. is an American tech giant, located in Cupertino, California. It was founded by Steve Jobs, Steve Wozniak and Ronald Wayne in 1976. It has become one of the most famous companies in the world. Apple designs, develops and sells electronics such as smartphones, tablets, and PCs. It also provides services like Apple TV+, iCloud+, Apple Arcade, iTunes Store and App Store. Forbes named it the world’s most valuable brand in 2019.
Apple is known for its innovative products. The iPhone, iPad and Mac computers have been industry leaders for years. It also takes corporate responsibility seriously, with environmental programs and educational support for communities around the world. Tim Cook is the current CEO; he succeeded Steve Jobs in 2011, following his death from pancreatic cancer. Luca Maestri oversees all of Apple’s financial strategies, like dividends and stock buybacks.
History of Apple
Apple Inc. is an American tech giant headquartered in Cupertino, California. It designs, develops, and sells consumer electronics, software and online services. It’s one of the world’s largest tech companies and is worth a lot.
It was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1 1976. They created the Apple I personal computer kit. It was then incorporated as Apple Computer Inc. two months later on April 3 1976.
In 1980, Apple went public with an initial public offering of $22 per share. This was a big jump from its initial funding of $1,350 for the creation of Apple only 8 years earlier. Jobs made many changes to help make Apple successful in the 80s. One of these changes was the rename from “Apple Computer Inc.” to “Apple Inc.” in 2007.
Today, Apple Inc is under the leadership of CEO Tim Cook. He succeeded Steve Jobs after his death in 2011 at the age of 56 due to pancreatic cancer. Cook has led Apple’s move into wearables and streaming services like AirPods, Apple Watch and Apple Music. Apple Music has over 20 million songs and has gained over 60 million active users since its launch in 2015. This has made it one of the top music streaming services.
Who Owns Apple
Apple, Inc. is a public firm traded on the NASDAQ. It is one of the world’s largest companies, by market capitalization. It has been open to the public since 1980 and 3.85 million shareholders own it.
Most of these shareholders are institutional investors, who own the stock through brokers or banks. The Board of Directors owns around 1% of the total stock.
Apple has been shareholder-friendly in recent years, with large stock buybacks and dividend payments. In 2019, they bought back $86 billion of their own stock, and paid $4.7 billion in dividends to shareholders.
These strategies have increased earnings per share for investors, and resulted in great gains for long-term shareholders.
Apple’s executive squad is a mix of enthusiastic inventors with varying backgrounds and life stories. Tim Cook, CEO, leads this crew, who are accountable to the Board of Directors. They manage the company globally.
Arthur D. Levinson, Ph.D., chairs the Board of Directors, and keeps the organization’s commitment to integrity. Apple Inc. is based in Cupertino, California, and has leadership teams in 15 countries managing their operations.
Luca Maestri is the CFO; Jeff Williams is the COO; Angela Ahrendts is the SVP Retail + People; Johny Srouji is SVP Hardware Technologies; Eddy Cue is SVP Internet Software and Services; Phil Schiller is SVP Worldwide Marketing; Dan Riccio is SVP Hardware Engineering; Bruce Sewell is General Counsel; Isabel Ge Mahe is SVP Greater China; and Tor Myhren is VP Marketing Communications.
Apple Inc. is a tech firm based in Cupertino, California. It makes, develops and sells electronic devices, software and online services. For the past decade, it has been one of the highest-earning companies. As of January 2021, Apple had 1.68 billion shares and a market cap of $2.22 trillion dollars, making it one of the most valuable firms on the planet. It was recently named the biggest public business by market cap, overtaking Saudi Aramco.
Apple’s money-making has been consistent since its founding in 1976. It provides great returns on investments yearly. According to FY 2019 financial results and other disclosures, Apple Inc. is still successful. As of December 31st 2020, they had total equity of $285 billion and cash of $193 billion. This shows their financial position improved in the last two years, despite supply chain issues due to Covid-19.
To protect their business, Apple implemented short-term strategies. They also invested in activities that promote long-term growth, such as R&D initiatives, 5G & broadband infrastructure, expansions into new markets and acquisition & corporate restructuring deals.
Apple’s Impact on the Economy
Apple Inc. is a force in the world today. It has a huge impact on the global economy, both finance and workwise. As of 2021, Apple is the most valuable public company with a market capitalization of over $2 trillion.
It produces popular consumer technology products such as iPhones, iPads and Macs. It is also famous for its innovative business strategies.
Apple has changed digital media distribution with products such as iTunes and App Store. Their hardware and software have pushed forward mobile computing by providing people with quick access to information. They license their software to many manufacturers who use it to give customers unique experiences.
Their success goes beyond product lines and into areas such as finance and employment. Through strategic investments, their impact can be seen in financial markets. Rivals change their strategies to compete with them.
Furthermore, they are a main employer, contributing millions towards wages and providing direct and indirect jobs along global supply chains.
Apple’s Impact on Technology
Apple Inc. is a huge success in the tech world. Since Steve Jobs returned in 1997, its impact has been unparalleled. Apple brought us iconic products like the iPod, iPhone, iPad and Mac. Its “Think Different” campaign and focus on innovation have changed how we use technology.
Under Jobs, Apple introduced features we now consider basic – like touchscreens and multimedia. They also launched app stores for their own devices, setting the stage for rivals like Google’s Android.
More recently, Apple moved into wearables, health tracking, Apple Pay and iPads with iOS. What will be next? Self-driving cars? Augmented reality? We’ll have to wait and see what this tech giant has in store!
Apple Inc. is a big American tech company. It has CEO Tim Cook at the helm. It is known for iPhones, iPads, Mac computers and Apple Watches. It has a revenue of over $256 billion. This money is mostly made from product sales and services sold in stores, online and through digital content. In 2020, it was the biggest publicly traded company on the planet in terms of market capitalization.
Basically, Apple Inc. is owned by stockholders everywhere. Tim Cook is the CEO. It earns billions from products and services all around the world. It is one of the most well-known companies on the planet.
Frequently Asked Questions
Q1. Who owns Apple?
A1. Apple is owned by its shareholders.
Q2. How many shareholders does Apple have?
A2. Apple has more than 2.2 million shareholders.
Q3. Who is the largest shareholder of Apple?
A3. The Vanguard Group is the largest shareholder of Apple with a 6.6% stake.