Acc 305
Pol 211 - Apple Inc. is a multinational corporation that designs and markets consumer electronics, computer software and personal computers. The company is widely known for such products as its line of Macintosh computers and more recently the iPod, iPad and the iPhone. As of May this year, the company is one of the largest corporations in the world and the most valuable technology company having surpassed Microsoft. As of May 2011, the financial times global 500 lists Apple as the third largest corporation in the world behind Exxon Mobil and PetroChina.
Acc 305
The list also values the company at 321,172.1 million dollars with a total of 49,400 employees.1 More recently, “Apple Inc. (AAPL) surpassed Exxon Mobil Corp. (XOM) to seize the title of world’s most valuable company, as investor confidence in high-tech growth prospects exceeded faith in the oil industry’s gushing profits” (Satariano, 2011). This just goes to show how the company has grown. It is undoubtedly at present the biggest technology company in the world. This growth has been spurred by the company’s recent global transition into consumer electronics particularly mobile devices such as tablets and smartphones has led the company to focus more (in addition to its traditional focus on personal computers) on consumer electronics. A June, 6 2011 report by business insider.com states that to that date the company “had sold 25 million iPads to date. That's a rate of about 87,000 per day, which amounts to almost 8 million for the quarter” (Business insider, 2011). This just goes to show that there is a high demand for the company’s goods and services. According to the company’s unaudited summary data, in the fourth quarter of the previous years, the company reported revenues of 26.7 billion dollars, an increase of 11 billion dollars over the year.
Acc 305
Acc 305
The list also values the company at 321,172.1 million dollars with a total of 49,400 employees.1 More recently, “Apple Inc. (AAPL) surpassed Exxon Mobil Corp. (XOM) to seize the title of world’s most valuable company, as investor confidence in high-tech growth prospects exceeded faith in the oil industry’s gushing profits” (Satariano, 2011). This just goes to show how the company has grown. It is undoubtedly at present the biggest technology company in the world. This growth has been spurred by the company’s recent global transition into consumer electronics particularly mobile devices such as tablets and smartphones has led the company to focus more (in addition to its traditional focus on personal computers) on consumer electronics. A June, 6 2011 report by business insider.com states that to that date the company “had sold 25 million iPads to date. That's a rate of about 87,000 per day, which amounts to almost 8 million for the quarter” (Business insider, 2011). This just goes to show that there is a high demand for the company’s goods and services. According to the company’s unaudited summary data, in the fourth quarter of the previous years, the company reported revenues of 26.7 billion dollars, an increase of 11 billion dollars over the year.
Acc 305