What is Apple Inc.?

Apple Inc. is a prominent hardware and software company best known for its series of personal computers, the iPod and its innovative marketing strategies for its products. Moreover, Apple Inc. is an American corporation that designs and manufactures computer hardware, software, and other consumer electronics. The company is best known for their Macintosh personal computer line, Mac OS X, extremely loyal user-base, iTunes media application and the iPod personal music player. The company headquarters is in Cupertino, California, CEO and co-founder are Steve Jobs and the company boasts 284 retail locations spanning 10 different countries. Apple was established on April 1^st, 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to sell the Apple I personal computer kit. Steve Jobs was said to own 45% of the company, Steve Wozniak with 45% and Wayne with the remaining 10%. While Jobs and Wozniak were young with little to no assets, Ronald Wayne was older with personal assets and was scared to put these at risk. This resulted in Wayne selling his share of the company back to Jobs and Wozniak for a reported 800$. Today Wayne’s share of the company would be worth over 3 billion dollars.

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