Apple is one of the most successful companies in the world. With a market capitalization of over $700 billion, it is clear that investors believe in the company’s future. It has a massive fan base and is known for its high-quality products.
However, there are some things about Apple that many people don’t know. This blog post will discuss eight surprising facts about Apple. So before you buy your next iPhone, read on to learn more about the company.
Contents
- 1 History Of Apple
- 2 Apple Employs 140,000
- 3 Apple Has Around $150 billion In Excess Funds
- 4 On Average Apple Sold 849,450 iPhones Every Day in 2018
- 5 Steve Jobs Got Fired From Apple in 1985
- 6 Apple’s First Computer Was Called the Apple I
- 7 Apple Was The First Company To Create A Color Digital Camera
- 8 Did You Know These Facts About Apple?
History Of Apple
Apple is one of the most iconic brands in the world, and its story is as fascinating as it is successful. The company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, and it has since become one of the most valuable companies in the world.
Throughout its history, Apple has been known for its innovative products and cutting-edge design, showing no signs of slowing down anytime soon. Apple first changed the world with its line of Macintosh computers, but it has also had significant success with its iPod, iPhone, and iPad products. The company has also become a major player in the wearable technology market with its Apple Watch in recent years.
With a bit of history under your belt, it’s time to learn some surprising facts about Apple. Here are 6 facts that are sure to surprise you:
Apple Employs 140,000
Apple is one of the most successful companies in the world, and it employs 140,000 people across the globe. The vast majority of Apple’s employees work in its retail stores, which are located in major cities all over the world. Apple’s retail employees provide customer service, sell products, and provide technical support. In addition to its retail employees, Apple also has many corporate employees who work in its various offices.
Apple’s corporate employees are responsible for developing new products, promoting the company’s brand, and selling its products to consumers. These employees include engineers, marketing professionals, and salespeople. Finally, Apple also has several manufacturing and assembly workers responsible for assembling and testing its products.
These workers are employed at factories in China and other countries where labor is relatively cheap. By employing such a large workforce, Apple can keep costs low and continue to generate enormous profits.
Apple Has Around $150 billion In Excess Funds
As of May 2018, Apple Inc. held around $150 billion in excess cash. That’s more money than the US government had at hand. So how did Apple end up with so much spare change? There are a few reasons. First, Apple is a very profitable company. In its 2018 fiscal year, it reported a net income of $59.5 billion. It also has a strong balance sheet, with $128 billion in total cash and marketable securities and just $29 billion in long-term debt.
Second, Apple is a global company, with most revenue coming from overseas markets. As a result, it generates a lot of foreign currency earnings which it then has to convert back into US dollars. When the value of the US dollar falls relative to other currencies, as it has been doing in recent years, that increases the size of Apple’s foreign currency reserves.
Finally, Apple is a relatively conservative company in managing its cash flow. It maintains a large cash cushion to protect against potential economic downturns or other unforeseen events. As a result, it has amassed a massive war chest that now stands at around $150 billion.
On Average Apple Sold 849,450 iPhones Every Day in 2018
Apple sold an average of 849,450 iPhones per day in 2018, according to data from ZDNet. This figure shows a slight increase from the 812,000 iPhones sold daily in 2017. The iPhone is the most popular product in Apple’s lineup, accounting for around 40% of its overall revenue. Despite this, the company has seen its share of the smartphone market decline in recent years as rivals such as Samsung and Huawei have gained ground.
To boost sales, Apple introduced a new lineup of iPhones in 2018, including features such as a larger display and an enhanced camera system. The company also increased its marketing spending and lowered the price of some older models. These efforts appear to have paid off, with Apple selling more iPhones than any other manufacturer in 2018!
Steve Jobs Got Fired From Apple in 1985
It’s hard to imagine a world without Apple, but there was a time when the company was on the brink of collapse. In 1985, Apple struggled to compete with Microsoft and IBM, and its co-founder Steve Jobs faced mounting criticism from the board of directors. Jobs had created Apple in 1976, but he was forced out of the company in 1985 after a power struggle with then-CEO John Sculley.
Jobs later described his firing as “the best thing that could have ever happened” to him, giving him the chance to start over with his own company, NeXT. Without Jobs at the helm, Apple went through a difficult period. Still, it rehired him in 1996 and, under his leadership, became the most valuable company in the world.
Apple’s First Computer Was Called the Apple I
Apple’s first computer was called the Apple I, which was released in April 1976. The machine was designed and built by Apple co-founder Steve Wozniak, one of the first commercially available personal computers. The machine had a retail price of $666.66, and it could be purchased either as a kit or as a fully assembled machine.
The Apple I featured 8 kilobytes of memory, a 1 MHz processor, and an audio cassette interface for storage. Despite its relatively limited specs, the machine was a success, selling over 200 units in its first year. Today, original Apple I computers are highly sought-after by collectors, and they can fetch prices over $100,000.
Apple Was The First Company To Create A Color Digital Camera
Apple has long been known for its innovative products, and the digital camera is no exception. Apple was the first company to create a color digital camera. The device was called the QuickTake 100 and launched in 1994. The QuickTake 100 was a modest device by today’s standards, but it was a major breakthrough at the time.
The QuickTake 100 was eventually discontinued, but Apple’s legacy in the world of digital photography endures. It allowed users to take up to eight images and store them on a removable memory card. Today, the iPhone is one of the most popular cameras in the world, and it continues to set the standard for mobile photography.
Did You Know These Facts About Apple?
There is an endless amount of info about Apple out there. How many of these facts about Apple did you? Mainly because Apple is one of the most successful companies in the world, and it has a long history of innovation. The company had come a long way since its early days when it struggled to compete in the computer market.
Today, Apple is a major player in the smartphone, tablet, and laptop markets, and its products are some of the most popular in the world. Thanks to its commitment to innovation and its dedication to customer satisfaction, Apple is sure to continue its tradition of success for many years to come.
