Apple: Apple Inc. and Company Essay

Submitted By bgrant24
Words: 1057
Pages: 5

The first company I chose was Apple [AAPL]. Apple was established on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. Wayne eventually sold his shares of the company to Jobs and Wozniak for $800. Apple first started out as a computer company. Being most recognized by its Macintosh personal computer line, the Mac .OS X. Apple went public on December 12, 1980 at $22.00 per share. The stock has split three times since the IPO so on a split-adjusted basis the IPO share price was $2.75. (Apple.com) Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad. (Business Insiders Apples headquarters are located in Cupertino, California where they company started. Apple is also a multinational corporation that creates consumer electronics, personal computers, computer software, and commercial servers, and is a digital distributor of media content. Apple's core product lines are the iPhone smart phone, iPad tablet computer, iPod portable media players. () In fact Apple’s first big product was the Apple II, a follow up of the Apple I which was very limited due to the amount of money they had to start with.
The Apple II was an 8-bit home computer, one of the first highly successful mass-produced microcomputer products. () Today Apple has many great products such as the Mac line of computers, the iPod music player, the iPhone smartphone, and the iPad tablet computer.() Its consumer software includes the OS X and iOS operating systems, the iTunes media browser, the Safari web browser, and the iLife and iWork creativity and productivity suites.() As of right now Apple has been working on the iWatch which will be a watch this is compared to one of a smartphone. Apple is in competition with Blackberry Limited, Google Inc., Hewlett-Packard Company, and Electronic Equipment. Apple has subsidiaries in Ireland where the company has negotiated a special tax rate of 2 percent. These units contract with manufacturers to assemble Apple products, sell the products to other subsidiaries for distribution, and return the profits up the chain of companies in the form of dividends. () This acts as Apple’s international operations. In 2007, Apple ended the year with $198.08 a share. In 2008 the company started out with a closing share of $135.36. At the end of year the price dropped to $85.35. In the beginning of 2009 the price rose to $90.13. And by the end of the year the price plummeted to $210.73. But in the beginning of 2010 the price dropped to $192.06. And by the end of 2010, the price had rose to an amazing $322.56. In January of 2011 the closing price began at $339.32, and by the end of the year the price rose to $405.00. In 2012 the price started at 456.48, and by the end of the year the price rose to $532.17. At the beginning of this year the price was $455.49. It is now October and the price has risen to $522.70 a share. Analysis predict that Apple will have a 9.50% growth next year in the industry. And firms such as Robert W. Baird, expect the company to outperform the market. Apple is doing the best its done in years. And I expect the company to continue in its growth in profit thanks to the new iPad Air, and the iPhone 5s along with the 5c. I would personally recommend that people buy stock in this company. You will not lose money and even If it’s minimal you’ll see profit. My second company is Analyst International Corporation. This company was founded in 1966, and is located in Minneapolis, Minnesota. They have over 11,000 employees, and 15 different U.S. locations. They’re an IT service company that offers the breadth, scale and experience of larger consulting firms, combined with the agility and intimacy of…