Reasons Behind Apple's Success

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Question: What are the reasons behind Apple’s success? Before getting into the reasons behind the success of Apple, let’s first know a bit about the company itself. Apple, Inc. is an electronics and software company based in California, USA. Originally known as Apple Computer, the company is familiar to most people as innovators of the personal computer as it is known today. Apple Computer had introduced many of the now-commonplace features of personal computers, including the GUI, the mouse, the floppy disk drive, and color graphics. Apple Computer's Macintosh line of PC's had brought numerous software and hardware components within reach of the average home consumer, often in a stylish case and with an emphasis on usability. The restructured company, now called simply Apple, designs, markets, and sells not only personal computers but also consumer electronics in the form of portable media players and smart phones. Apple also sells intangible goods in the form of software, music, and video. The Apple Store chain operates over 150 branches worldwide, where the devices and software and sold and serviced. Apple is undoubtedly one profitable company. The firm announced recently that during the fourth quarter (its fiscal first quarter), it generated a whopping $46.33 billion in revenue and a profit of $13.06 billion. The company’s revenue figure nearly doubled the sales it posted in the same period back in 2010, and its profit was more than double the figure in the prior year. All that has helped Apple grow its cash coffers to nearly $100 billion. Apple’s success is a far cry from its sad state of affairs back in the 1990s. At that time, co-founder Steve Jobs had to step in to fix things, and there was a point when industry observers weren’t sure if Apple’s doors would be padlocked or not. But through hard work, tough choices, and some really neat ideas, Steve

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