Skip to main content

AAPL Company

See All Stories

Breaking news from Cupertino. We’ll give you the latest from Apple headquarters and decipher fact from fiction from the rumor mill.

Apple Park Tim Cook AAPL

AAPL is a California-based computer company that became the most successful smartphone company in the world.

AAPL defined by Apple

Here’s how Apple defines itself:

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

Key AAPL history

From Apple I to iMac

Apple was founded in 1976 by Steve Jobs (Steve), Steve Wozniak (Woz), and (briefly) Ronald Wayne as a business partnership: Apple Computer Company. The following year it became Apple Computer, Inc. The company’s first product was the Apple I, a personal computer hand-built by Woz and sold in part-completed kit form. The Apple II and Apple III followed.

The modern Apple as we know it today began in 1983, with the launch of the first personal computer with a graphical user interface, the Lisa. Way too expensive to succeed, it was replaced by the Macintosh in 1984, launched with the single showing of a Ridley Scott commercial during the Super Bowl. The Macintosh transformed the world’s understanding of what a computer was, and would eventually lead to Microsoft adopting the GUI approach.

Steve Jobs and then Apple-CEO John Scully fell out in 1985, when Steve wanted to focus on the Macintosh while Scully wanted to put more attention on the Apple II, which was still selling well. That led to Steve being forced out of the company and going off to form NeXT.

Apple focused on selling Macintosh models at the highest possible margins, but would eventually fall foul of a mix of unsustainable pricing in the face of competition from Windows machines, and an overly complex product lineup. By 1996, the company was in trouble, and in 1997 Steve was brought back, along with the NeXT operating system, which would eventually form the basis of Mac OS X.

Steve simplified the Mac lineup and had industrial designer Jony Ive work on a whole new look for a consumer desktop Mac, the colorful iMac. The iMac, like the original Macintosh, again changed the world’s understanding of what a computer was, and who should want one.

From Apple Computer, Inc. to Apple, Inc.

In 2001, Apple launched the iPod. Although this wasn’t the first mp3 player, it was massively better than anything on the market at the time, and succeeded in turning a geeky piece of technology into a consumer electronics product with mass-market appeal.

The success of the iPod paved the way into other mobile devices. Apple was working on what would eventually become the iPad, when Steve realized that this was the basis of a smartphone. He diverted the team’s work into this, to launch the iPhone in 2007. The iPad launched later, in 2010.

The iPhone was yet another transformational product. While most other smartphones of the time were clunky devices with a keyboard and stylus, the iPhone was a sleek-looking device operated with a finger, and so simple that no user guide was needed. It was with the launch of the iPhone that Apple Computer, Inc. was renamed to Apple, Inc.

From Intel to Apple Silicon

While the iPhone, iPad, Apple Watch, and more are made with Apple-designed processors, the Mac lineup has historically relied on third-party companies for its CPUs. Over the years, Macs progressed from Motorola 680000 series chips through PowerPC to Intel.

In 2020, Apple began a two-year transition to the final stage in that journey, with Macs too finally getting Apple-designed chips. The first such is the M1 chip, used in the latest Mac mini, MacBook Air, and 13-inch MacBook Pro. Other Apple Silicon Macs followed.

AAPL today

Apple is one of the largest companies in the world. It was the first publicly traded company to hit a trillion-dollar valuation in 2018, $2 trillion in 2020, and $3T in 2022.

The company’s product lineup includes five different Mac families (MacBook Air, MacBook Pro, iMac, Mac Pro, and Mac mini); four iPad ranges (iPad mini, iPad, iPad Air, iPad Pro); four iPhone 12 models (12, 12 mini, 12 Pro, 12 Pro Max); three main Apple Watch models (SE, Series 3, Series 6); as well as other products, including Apple TV, AirPods, and HomePod mini.

In addition to hardware sales, Apple derives a growing proportion of its income from Services, including the App Store, iCloud, Apple Music, and Apple Pay.

Apple will cut payments to Imagination to 10 cents per iPhone as it winds down deal – UBS

Site default logo image

Following Apple’s announcement that it expected to stop using Imagination Technologies’ GPU designs in iPhones and iPads within two years, UBS has put together a forecast of the financial impact.

UBS predicts that Apple will initially reduce the royalty rate it pays on each iPhone and iPad produced to just ten cents per device before ceasing payments altogether after two years …


Expand
Expanding
Close

Apple will still be here in 2075, says Woz, as original Apple I garage team get together

Site default logo image

Daniel Kottke, Chris Espinosa, Randy Wigginton, Bill Fernandez and Steve Wosniak – the original Apple I team

Apple co-founder Steve Wozniak has told USA Today that Apple will still be around in 2075 – alongside Google and Facebook.

Apple will be around a long time, like IBM (which was founded in 1911). Look at Apple’s cash ($246.1 billion, as of the end of its last fiscal quarter). It can invest in anything. It would be ridiculous to not expect them to be around (in 2075). The same goes for Google and Facebook.

He made the prediction ahead of the Silicon Valley Comic Con, whose theme is ‘The Future of Humanity: Where Will We Be in 2075?’ and said that he and Steve Jobs made that assumption from the start …


Expand
Expanding
Close

These are the six major companies that depend on Apple for half to three-quarters of their sales

Site default logo image

Update: The WSJ reports that Apple is withholding licensing fees from Qualcomm pending resolution of the legal dispute between the two companies. A source estimates that Apple accounts for around 12% of the company’s total revenue. Qualcomm’s share price is down 19% so far this year.

We saw recently the impact on the share price of Imagination Technologies when Apple announced that it expected to stop using the company’s GPU tech within two years. The stock plummeted by 70%, reducing its market valuation by hundred of millions of dollars.

Not surprising when it turns out that royalty payments from Apple on the company’s chip designs forms almost half of the company’s income – and it is not the only company to be so heavily dependent on Apple’s business …


Expand
Expanding
Close

Apple seeking ‘more than 20%’ stake in Toshiba’s chip business alongside Foxconn’s investment

Site default logo image

Toshiba NAND chip in the 2016 12-inch MacBook (iFixit)

Following earlier confusion about whether Apple or Foxconn was bidding for a stake in Toshiba’s chip-making division, it appears that the answer could be ‘both.’ Reuters cites a report by public broadcaster NHK that Apple would be making its own bid alongside the existing Foxconn one.

Apple is considering teaming up with its supplier Foxconn to bid for Toshiba’s semiconductor business, public broadcaster NHK said on Friday […] Apple is considering investing at least several billion dollars to take a stake of more than 20 percent.

If the deal went through, it could be bad news for Samsung – but there are a couple of hurdles to be overcome before agreement could be reached …


Expand
Expanding
Close

After Imagination and Dialog, Synaptics could be the next Apple supplier to lose out – Credit Suisse

Site default logo image

With Apple increasingly seeking to bring chip and component design in-house, the next company to lose out could be display driver maker Synaptics. The prediction was made by Credit Suisse analysts, who said that the company was at ‘moderate to high risk’ of losing its Apple contract.

The prediction follows Apple’s warning that it plans to stop using Imagination Technologies GPUs within two years, causing the company’s stock to drop dramatically, and a separate report suggesting that Apple also planned to drop Dialog as a supplier …


Expand
Expanding
Close

Under Trump tax plans, AAPL would repatriate $230B overseas cash, see profits jump 16% – Citi

Site default logo image

If Trump enacted his promised corporate tax reforms, Apple would likely repatriate the bulk of its $230B cash reserves held overseas, and see its profits jump by 16%. The prediction was made by Citi in analysis seen by Business Insider.

Trump’s tax reform plans include reducing the corporate tax rate from 35% to 15% in the US, and applying a tax of only 10% to the profits of US companies that want to repatriate cash being held overseas […] The proposals would make it likely that Apple would move its foreign cash back to the US in order to pay the least amount of tax. In the most recent quarter, Apple said it was holding $246 billion in cash, of which $230 billion was held in foreign subsidiaries.

The combination of the two would have a significant impact on earnings per share, says Citi …


Expand
Expanding
Close

iPad sales falling for 12 quarters straight? Not quite, suggests Fiksu data …

Site default logo image

It’s been an accepted truth for years now: iPad sales are declining. Apple’s own figures show that sales have declined for twelve straight quarters.

But that doesn’t tell the whole story, suggests Above Avalon, citing the Fiksu data shown above. It’s actually the iPad mini whose sales are shrinking. Exclude these, and the combined 9.7- and 12.9-inch sales are actually flat to slightly up over the past year …


Expand
Expanding
Close

Apple declared ‘most intimate brand’ in survey of 6,000 consumers

Site default logo image

A survey of 6,000 consumers across three countries has found that Apple is ‘the most intimate brand’ – using a range of survey responses to measure the emotional connection people feel to a brand. It also had the highest score for ‘can’t live without this brand,’ with 59% of consumers ticking this box.

Behind Apple in the top 10 were Disney, Amazon, Harley Davidson, Netflix, Nintendo, Samsung, Whole Foods, BMW and Toyota.

MBLM, the company behind the survey, say that hard data proves the rankings aren’t just fluff …


Expand
Expanding
Close

UBS says AAPL could reach $200/share as it hits 11th record high so far this year

Site default logo image

A UBS analyst says that AAPL stock could reach as high as $200/share over the next 2-3 years, as the stock hit its 11th record high so far this year. It has already hit the equivalent of $1,000/share when you factor in the share split.

MarketWatch notes that the stock yesterday set two records: its highest ever value, at $143.80, and its highest intraday price of $142.80. Many analysts are setting high target prices for the stock, and one of them even predicts a possible $200 level, notes Business Insider – though he does add some crucial riders …


Expand
Expanding
Close

Nokia seeking access to Samsung documents to aid its patent lawsuit battle with Apple

Site default logo image

The back-and-forth patent lawsuits between Apple and Nokia could be about to get more interesting. Nokia is seeking access to documents from Samsung’s patent battles with Apple to assist its own case.

Apple sued Nokia last year, claiming that the company had deliberately excluded some patents from an agreement between the two companies, subsequently transferring five of them to a patent troll which unsuccessfully tried to extort $100M from the Cupertino company. Apple seemingly filed the lawsuit in an attempt to head off any further such attempts …


Expand
Expanding
Close

UK government says Apple ‘cannot get away with’ unbreakable encryption following terrorist attack

Site default logo image

British Home Secretary Amber Rudd – in charge of police policy in the UK – has told the BBC that Apple ‘cannot get away with’ apps that offer unbreakable encryption following last week’s terrorist attack in London.

Rudd was speaking after it was revealed that Khalid Masood accessed WhatsApp two minutes before ploughing through pedestrians on Westminster Bridge in a rented car, killing three of them, before fatally stabbing a police officer guarding the Houses of Parliament.

She described end-to-end encrypted messaging as used by WhatsApp and Apple’s Messages app as ‘completely unacceptable’ …


Expand
Expanding
Close

Opinion: The new low-cost iPad is further evidence of a new approach to Apple’s pricing

Site default logo image

If anyone had asked you to describe Apple’s pricing strategy in a sentence, this would – until recently – have been extremely easy to do. Apple aims to sell premium products at high margins to upmarket demographics. The company had shown almost no interest in more affordable products pitched to those on tighter budgets.

But Apple has long recognized that you need a way of building your long-term customer base, and one good way to do that is to get them when they’re young. Apple has made considerable efforts over the years to get its computers into schools and colleges, and to make them more affordable to students through its education discount.

The MacBook Air line too has been priced at a level where it is just about affordable for those who would otherwise buy cheaper Windows laptops – again, in no small part because Apple wants to attract younger buyers whose lifetime value to the company will be substantial.

But as one analyst recently observed, there is now evidence that Apple is aiming to offer lower pricing across a broader range of products. Yesterday’s announcement of a low-cost 9.7-inch iPad was a good example of that new approach …


Expand
Expanding
Close