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is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
Its online services include the i Tunes Store, the i OS App Store and Mac App Store, and i Cloud. on January 9, 2007, to reflect its shifted focus toward consumer electronics.The Apple II, also invented by Wozniak, was introduced on April 16, 1977, at the first West Coast Computer Faire.It differed from its major rivals, the TRS-80 and Commodore PET, because of its character cell-based color graphics and open architecture.While early Apple II models used ordinary cassette tapes as storage devices, they were superseded by the introduction of a 5 1/4 inch floppy disk drive and interface called the Disk II.By the end of the 1970s, Apple had a staff of computer designers and a production line.Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal computers. Apple (NASDAQ: AAPL) joined the Dow Jones Industrial Average on March 19, 2015.
By the end of 2014, the corporation continued to receive significant criticism regarding the labor practices of its contractors and its environmental and business practices, including the origins of source materials.
During the first five years of operations revenues grew exponentially, doubling about every four months.
Between September 1977 and September 1980 yearly sales grew from $775,000 to $118m, an average annual growth rate of 533%.
The company introduced the Apple III in May 1980 in an attempt to compete with IBM and Microsoft in the business and corporate computing market.
Jobs and several Apple employees, including Jef Raskin, visited Xerox PARC in December 1979 to see the Xerox Alto.
Xerox granted Apple engineers three days of access to the PARC facilities in return for the option to buy 100,000 shares (800,000 split-adjusted shares) of Apple at the pre-IPO price of $10 a share.