Apple Inc. (AAPL) was incorporated in 1977. Presently, the company is responsible for the design, manufacture and marketing of a wide range of media mobile communication devices, the Apple Macintosh computers and portable digital music and video players. Its devices run on customized software unique to the company. These software include the iOS on which Apple’s mobile devices run, the OS X on which the Mac range of computers run, as well as several software for its server and applications.
Apple is known by several of its groundbreaking products which are listed as follows:
Perhaps no product can be better described as the face of the modern Apple than the iPhone, which can best be described as a combination of Apple’s iPod, a phone as well as an Internet device. This smartphone presently has 6 versions, with each new version driving the phone-loving public into buying frenzies that frequently see stores running out of millions of devices within hours of launch. Launched in 2006, sales of the iPhone alone have consistently driven the revenues of Apple northwards in the last 5 years.
The iPad is a multi-purpose mobile device that comes in the form of a hand-held tablet. It performs the same functions as the iPhone and also revolutionized the tablet device market on its release.
The Mac was the company’s first computer product and has undergone various improvements since Steve Jobs and Steve Wozniak built the first version in the 70s. There are the desktop versions (iMac, Mac Pro & Mac mini) as well as the portable versions (MacBook Pro & Air).
Other products Apple is noted for are
- iPod, which is a port able digital media and music player.
- iTunes: An application store which enables users purchase, download and playback digital audio and video files.
- Mac App Store: this is where applications for the Mac can be downloaded and installed.
- iCloud: This is Apple’s cloud storage service.
- The App Store, which is where mobile apps for the iPhone and iPad can be purchased and sold.
Interesting Facts About Apple Inc
Apple’s success which has seen it leave its major competitors in the dust (save for Google of course) is innovation. The ability to create revolutionary new products and sell same to a mass market has seen the company become arguably the most valuable company in the world. It recently launched a new “smart” product known as the smart watch. Apple has also launched a smart TV, and there seems to be no end to the ability of the company to create and sell new products.
The uniqueness of Apple’s products is that they are able to create several other markets and businesses that can generate income not just for the company but also for those whose line of work is centred around the company’s many products. For instance, the creation of the iPhone and iPad has spun-off a very vibrant mobile apps market which is presently worth billions of dollars. Programmers are making money developing apps for entrepreneurs and themselves and several online courses and offline academies have sprung up to teach people how to create apps. Apple’s value cannot be truly quantified.
What Does the Future Hold for Apple’s Investors?
A certain article published by CNN Money puts it aptly: “Apple’s massive rise in stock price from $5 to $130 in a decade is benefitting everyone from college kids to retirees”. There is the story of a Chinese American couple that invested $10,000 into Apple stock and have now become millionaires. Stories of ordinary people who did nothing else but put their money into Apple stock and become financial comfortable a few years down the road abound.
Apple is a stock that is great for value investing. As long as the company keeps coming up with new products as well as powerful enhancements to the existing ones in a way that thrills a mass audience, then the company will keep bringing value to those who invest in it.