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Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. [7] In 2023, Apple was the largest technology company by revenue, with US$394.33 billion. [8]
Ronald Gerald Wayne (born May 17, 1934) is an American retired electronics industry business executive. He co-founded Apple Computer Company (now Apple Inc.) as a partnership with Steve Wozniak and Steve Jobs on April 1, 1976, providing administrative oversight and documentation for the new venture.
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 ...
Cook has been with Apple since he moved over from Compaq in 1998. He served as the company's COO before taking on the role of CEO in 2011. The chief executive has guided Apple through the years ...
Apple launched a buy now, pay later service called 'Apple Pay Later' for its Apple Wallet users in March 2023. The program allows its users to apply for loans between $50 and $1,000 to make online or in-app purchases and then repaying them through four installments spread over six weeks without any interest or fees. [172] [173]
Nvidia is now the largest holding in the portfolio, and Apple is the second largest. Steven Cohen of Point72 Asset Management bought 1.5 million shares of Nvidia, increasing his stake by 75%.
But even as Apple slips in the rankings, IDC notes that the iPhone maker is still in a better position compared to 2020. IDC estimates Apple now has 13.6% of the Chinese smartphone market ...
On April 1, 1976, Jobs and Wozniak formed the Apple Computer Company (now called Apple Inc.) along with administrative supervisor Ronald Wayne, whose participation in the new venture was short-lived. The two decided on the name "Apple" shortly after Jobs returned from Oregon and told Wozniak about his time spent on an apple orchard there. [41]