Case Study on Apple Inc

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3 BACKGROUND Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices and sell a variety of related software, services, peripherals, and networking solutions. This is from the financial report 10-K in 2001. By 2011 the emphasis had changed - devices to the fore and computers off centre stage. Such had been the magnitude to the success of the strategy. Apple Inc. and its wholly-owned subsidiaries designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Over the ten year period, the importance of digital devices notably mobile communication and media devices has emerged. The sale of some 575 million digital devices over the decade is witness to the strategy of the digital hub and the commitment to the consumer digital device market. INTRODUCTION Apple Inc. needs no introduction as it is one of the world’s most successful, popular and iconic companies with around three decades of ground-breaking innovations and redefining the way humans consume digital content such as music and movies. Named the world;s most admired company for consecutive three years by Fortune, the late CEO Steve Jobs, who turned around the company from near bankruptcy in 1996, couldn’t have asked for more. Originally Apple Computer, the company was renamed Apple Inc. in 2007 to signify its enlarging its pie from merely selling high-end computers to include iPod, iPhone and now iPad. As its revenue and net income have shot up in recent years, Apple’s share price outperformed S&P 500 index by nearly ten times. Apple Inc. is by far the largest company in

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