AAPL Company Overview Updated August 3, 2020

AAPL Company

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15,683 'AAPL Company' stories

March 2007 - August 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 Today

A Chinese company that has accused Apple of patent infringement wants to ban Siri in China until the case is finally decided. It is asking the court for an injunction of the sale of all products which include Siri – which is almost everything Apple makes.

The application follows an earlier court victory in which Xiao-i (whose full name is Shanghai Zhizhen Network Technology Co) was awarded a Chinese patent for a virtual intelligent assistant …

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AAPL Company Stories Yesterday

Apple is reportedly asking its retail store landlords in the UK to slash its rent by as much as 50%, according to a new report from The Sunday Times. If landlords agree to cut the rent and offer a “rent-free period,” Apple is allegedly prepared to extend its leases by several years.

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AAPL Company Stories August 1

Apple has removed over 30,000 applications from the App Store in China, according to a new report from Bloomberg. The report cites new data from Qimai Research Institute, and it explains that games accounted for 90% of the app removals.

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AAPL Company Stories July 31

Apple has acquired a startup, Mobeewave Inc., that developed technology to turn iPhones into mobile payment terminals, according to a new report from Bloomberg. Citing people familiar with the matter, today’s report says the deal was worth around $100 million.

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Acquisitions were a major topic of discussion during the big tech antitrust hearing earlier this week, but the focus was primarily on Apple’s competitors, including Amazon and Facebook. In a new interview with CNBC today, Apple CEO Tim Cook offered additional details on what he believes sets Apple’s acquisition strategy apart from the competition.

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Apple posted impressive Q3 results yesterday as well as announcing a 4-1 stock split. This morning with the market open, AAPL shares hit a new all-time high and now the company’s market value has briefly exceeded Saudi Aramco’s to become the world’s most valuable public company on its way to a $2 trillion market value.

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