AAPL Company Overview Updated July 26, 2017

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March 2007 - July 2017


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

AAPL: 153.46

0.72

President Trump claimed in a WSJ interview that Tim Cook has promised to build three large manufacturing plants in the U.S. – without specifying when this might happen, where they might be located or what they might make.

“I spoke to [Mr. Cook], he’s promised me three big plants—big, big, big,” Mr. Trump said as part of a discussion about business-tax reform and business investment. “I said you know, Tim, unless you start building your plants in this country, I won’t consider my administration an economic success. He called me, and he said they are going forward.”

But there is every reason to doubt this, no persuasive reason to believe it – and little basis for believing it would matter much even if it were true …

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AAPL Company Stories Yesterday

AAPL: 152.74

0.65

Apple today has been ordered by a U.S. judge to pay $507 million in damages to the University of Wisconsin-Madison’s patent licensing arm for patent infringement. The ruling comes after the case’s jury ruled Apple owed $234 million, making the judge’s decision nearly double that of the jury (via Reuters).

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The best 4K & 5K displays for Mac

Last week we reported that Apple’s spending on lobbying has risen to record highs since Trump took office. Now there is news that President Trump’s lobbying of his own – to get Apple to bring manufacturing stateside – has been successful…at least according to Trump.

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AAPL Company Stories July 24

AAPL: 152.09

1.82

As the legal saga between the two continues, Qualcomm is firing back after a host of tech companies came out in support of Apple last week. The chip maker is accusing the Computer & Communications Industry Association, a group that consists of companies such as Google, Samsung, and Facebook, of waging a “coordinated effort aimed at misdirecting” government regulators.

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This year’s Back to School deal, in which Apple offers a free pair of Beats headphones in addition to the normal education discount, is expected to be rolled out in the UK imminently.

A source tells us that Apple is in the final stages of preparations for the UK launch of the deal, which was first announced in the U.S. earlier this month …

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Apple’s decision to design its own GPUs for iOS devices rather than license designs from Imagination Tech may have unexpected consequences. A report over the weekend suggests that an equity fund back by the Chinese government is exploring a bid for the company.

Concern is being expressed at the potential security implications of Chinese control over chip designs used in a wide variety of technology, including aerospace and defence equipment …

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