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Apple's largest acquisition was that of Beats Electronics in August 2014 for $3 billion. [7] Of the companies Apple has acquired, 71 were based in the United States. In early-May 2019, Apple CEO Tim Cook said to CNBC that Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone.
Apple is one of the Big Five American information technology companies; [a] for the most part since 2011, [b] Apple has been the world's largest company by market capitalization, and, as of 2023, is the largest manufacturing company by revenue, the fourth-largest personal computer vendor by unit sales, the largest vendor of tablet computers ...
Apple Inc. was founded as Apple Computer Company on April 1, 1976, to produce and market Steve Wozniak's Apple I personal computer. The company was incorporated by Wozniak and Steve Jobs in 1977. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, $2 trillion in August 2020, and at $3 trillion in ...
Warren Buffett’s Berkshire Hathaway is one of the company’s largest shareholders and Buffett has repeatedly praised the tech giant’s business, though he slashed Berkshire’s stake in 2024 ...
The tech titan’s largest shareholders as of June 30, 2024 are The Vanguard Group, BlackRock and State Street. The three firms hold nearly 20 percent of Apple’s outstanding shares, according to ...
Its investment is now worth over $50 billion, and received a boost as Apple's market cap crossed the $1 trillion milestone. The conglomerate owned about 246.5 million shares, or about 5.1% of ...
The company reduced its stake to 25% in 2012, and sold its remaining stake back to the company in 2013. Concurrently, Carlyle Group replaced HTC as a minority shareholder, alongside Dr. Dre and Iovine in late 2013. On August 1, 2014, Apple acquired Beats for $3 billion in a cash and stock deal, the largest acquisition in Apple's history.
In January 1981, Apple held its first shareholders meeting as a public company in the Flint Center, a large auditorium at nearby De Anza College (which is often used for symphony concerts) to handle the larger numbers of shareholders post-IPO. The business of the meeting had been planned so that the voting could be staged in 15 minutes or less.