History

Apple Inc., originally named Apple Computer, Inc., was founded on April 1, 1976, in Cupertino, California, by Steve Jobs, Steve Wozniak, and Ronald Wayne. Initially focused on personal computers, including the iconic Macintosh line, Apple faced challenges during the 1990s. However, Steve Jobs returned to the company in 1997 and revolutionized its product lineup. The introduction of the iMac in 1998 marked the beginning of Apple’s resurgence. Over the years, Apple expanded into consumer electronics, software, and media distribution, leading to its current prominence.

Business Acquisitions

Apple has acquired more than 100 companies, although the actual number might be higher due to undisclosed acquisitions. The company’s philosophy is to acquire small firms that can seamlessly integrate into existing projects. Notable acquisitions include Beats Electronics (2014) for $3 billion and Emagic (2002), which contributed to the creation of GarageBand. Apple continues to acquire companies regularly, with a focus on innovation and integration.

Total Assets

As of December 31, 2023, Apple’s total assets amount to approximately $353.5 billion. The company’s assets include cash, inventories, properties, and equipment. Apple’s consistent growth has contributed to its impressive financial position.

Top Stockholders

Apple’s largest shareholders include institutional investors and individual insiders. As of December 31, 2023, the top institutional holders are:

1. Vanguard Group Inc.: Holds 8.54% of Apple shares.
2. BlackRock Inc.: Owns 6.75% of the company.
3. Berkshire Hathaway Inc.: Holds 5.86% of Apple’s stock.

Among individual insiders, Arthur Levinson, Apple’s Chairman, is a significant shareholder. Tim Cook, Apple’s CEO, also holds a substantial stake. These stakeholders play a crucial role in shaping Apple’s future.

In summary, Apple’s rich history, strategic acquisitions, robust total assets, and influential stockholders contribute to its status as a global tech giant.