AAPL Company Overview Updated October 30, 2020

AAPL Company

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15,820 'AAPL Company' stories

March 2007 - October 2020

Founded by Steve Jobs and Steve Wozniak in 1976, Apple kicked off the IPO of its stock in December of 1980 on the NASDAQ market, with the stock symbol “AAPL”. Here is a brief summary from NASDAQ:

Apple (ticker symbol: AAPL) is one of the world’s leading consumer electronics and personal computer companies. The Cupertino, California-based company was established in 1977 as Apple Computer Inc. It dropped the “Computer” from its name in early 2007.

Apple has remained focused on developing its own hardware, software, operating systems and services to provide its customers with the best user experience possible. A significant fraction of the company’s efforts also go toward marketing and advertising as it believes such efforts are essential to the development and sale of its products.

Despite Apple’s market-leading position, the company still faces a number of risk factors, which include changing global economic conditions, fluctuating consumer demand, worldwide-competition and potential supply chain disruptions.

Read more about Apple’s financial details and history on NASDAQ’s and CNN’s websites.

AAPL Company Stories Yesterday

In another chapter of the legal battle between Apple and VirnetX, a jury in Texas decided today in a 90-minute session that Apple will be required to pay an additional $502.8 million for infringing patents of the security software company VirtneX.

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As some developers are pushing Apple to reduce or even remove the App Store commission, the company has now alerted its investors that a potential change in App Store fees would affect its financial results. Bloomberg reported that the warning was sent to Apple investors in a regulatory filing this Friday.

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Facebook CEO Mark Zuckerberg has claimed that a pending version of Apple’s ad-tracking policy will hurt small businesses when it is introduced next year. Further, he says Apple could damage the economic recovery from the coronavirus crisis.

Zuckerberg’s attack relates to a privacy change Apple originally made in iOS 14 and subsequently agreed to delay to give the ad industry time to react …

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Delayed iPhone 12 sales meant that the fiscal Q4 earnings Apple reported yesterday were massively better than the headline number suggested.

Apple reported revenue of $64.7B, making it flat against the $64B the company brought in during the same quarter last year. But the delayed availability of this year’s flagship iPhones mean that the two quarters are not remotely comparable …

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AAPL Company Stories October 29

During Apple’s Q4 earnings call, CEO Tim Cook gave a hint about the first Apple Silicon Macs and other anticipated new products that will land before 2020 is over.

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Following Apple’s Q4 2020 earnings release, CEO Tim Cook has offered additional commentary on the numbers in an interview with CNBC. Apple CFO Luca Maestri also added some additional details in an interview with the Financial Times.

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