Apple Inc. (NASDAQ: AAPL) is a leading American technology firm that designs, manufactures, and sells smartphones, personal computers, tablets, accessories, and wearables. The company was founded on April 1, 1976, in Cupertino, California, United States, by Steve Jobs, Steve Wozniak, and Ronald Wayne.
Apple trades on the Nasdaq exchange with the AAPL ticker symbol. The company’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay, and Apple Music. Apple sells its products globally through its online stores, retail stores, direct sales force, third-party wholesalers, and resellers. Besides United States operations, Apple has established a regional branch in Europe, Greater China, Japan, and the Rest of Asia Pacific.
Apple’s main competitors
- Samsung electronics
- Dell Technologies
Key Apple Milestone
On August 2, 2018, Apple became the first publicly traded U.S. company to be valued at $1 trillion in market capitalization. In August of 2020, the company became the first U.S. company to reach a $2 trillion market cap.
Apple has been a resilient company in the wake of economic turmoil. In the course of the coronavirus pandemic, Apple Shares rose by about 73% since mid-March 2020. The growth came after the stock plunged before the pandemic. There is growing consumer confidence about Apple’s long-term services strategy, along with the introduction of new products.
On August 31, 2020, Apple officially split its shares on a 4-1 basis. The newly issued shares were payable to shareholders on Friday, August 28, 2020. An investor with 100 shares of Apple stock before the split would have 400 shares after the split.
Apple Inc. FAQ
Why is Apple successful?
Apple’s success is tied to the company’s transformative nature. As the company keeps evolving, its focus has been on producing quality products and delivering the best user experience. Additionally, Apple’s factory-defective products are almost nonexistent.
How often does Apple split its stock?
Since the company launched, Apple has split its stock five times. The first split was on a 2-for-1 basis on May 15, 1987, June 21, 2000, and February 18, 2005; and on a 7-for-1 basis on June 6, 2014. On August 28, 2020, there was a split on a 4-for-1 basis. The future splits are yet to be announced.
How often does Apple pay dividends?
Typically Apple pays dividends after every quarter making it four dividends in a year.