Apple Inc. is a global technology company that designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories. Apple Inc. is listed on the Nasdaq Exchange under the ticker symbol AAPL. Its main products include iPhones, Mac lines of personal computers and laptops, iPads, Apple Watches and Apple TVs. The company also has a fast-growing service business, including iCloud cloud services and digital streaming content services such as Apple Music and Apple TV +.
Since its founding in 1976, the tech giant has grown into a diverse tech giant. For the acquisition, Apple’s strategy was to buy a small technology company that could easily be integrated into its expanding product line.
Apple is a smartphone maker Samsung Electronics Co. Ltd. And LG Electronics Inc., computer maker Lenovo Group Ltd. And Dell Technologies Inc., streaming content providers Spotify Technology SA and Netflix Inc. , And many competitors, including other technology companies such as Microsoft. Corp., Alphabet Inc., and Amazon.com Inc.
Apple Details (AAPL)
Apple’s latest development
- On August 31, 2021, the Korean National Assembly passed a bill allowing customers to pay for in-app purchases using payment systems other than the app store they purchased. Google currently accounts for over 30% of in-app purchase revenue from apps purchased from the App Store.
- On August 19, 2021, the Center for Democracy & Technology sent an open letter to Apple CEO Tim Cook that they and more than 90 other policy groups said, “iPhone, iPad, and other products to Apple.” This letter is an iCloud image. It’s a response to a program launched by Apple to use an algorithm that scans for and reports child pornography. The Policy Group claims that the technology is unreliable and introduces mass surveillance that can also be used to search and notify Apple of the presence of other types of content. Especially if Apple is under pressure from the government to do so.
- On August 12, 2021, the US Senate proposed a bill that would force companies that control the operating system of mobile devices, such as Apple, to allow third-party app stores.
- On July 28, 2021, Apple reported revenue for the third quarter of 2021. This exceeded analysts’ earnings and earnings per share expectations.
- On July 15, 2021, market research firm Canallys released an analysis showing that Apple fell from second to third among smartphone makers among smartphones shipped in the second quarter of 2021. First place will be held by Samsung.
- On July 9, 2021, US President Joe Biden issued a drastic executive order aimed at anti-competitive practices in the US economy. This order can have significant implications for Apple in different ways, depending on how it is implemented by different federal agencies, but some of the greater implications are that Apple will limit product repairs. This includes promoting interfering regulations and increased oversight of technology sector mergers...
- On June 30, 2021, Apple announced that it would report its third quarter 2021 financial results on Tuesday, July 27, 2021, after the market was closed.
- On June 15, 2021, the UK Antitrust Regulatory Authority, the Competitive Markets Authority, investigated the iOS and Android “mobile ecosystem” to see if there was evidence of antitrust concerns. I announced that.
- On May 25, 2021, the court battle between Apple and Epic Games ended. Yvonne Gonzalez Rogers of the US District Court will decide the case in the coming months. However, it is likely to be appealed and can take several years.
- On April 30, 2021, the European Commission issued an “Opposition,” whose “preliminary view” was in the music streaming market as Apple abused its “dominant position on the distribution of music streaming apps.” It distorted the competition. ” That App Store. This follows Spotify’s complaint about antitrust concerns surrounding the App Store. Apple will respond within 12 weeks.
- On March 4, 2021, the UK Antitrust Regulatory Authority, the UK Competitive Markets Authority, filed a complaint against Apple about Apple’s use of market power to set uncompetitive conditions in its app store. Announced that it will begin investigating antitrust laws. On the same day, Reuters reported that EU antitrust regulators have finalized an invoice against Apple in connection with a complaint from music streaming service Spotify. Spotify claims that Apple is acting to unfairly penalize its rivals for Apple Music, Apple’s own streaming service.
How profitable is Apple?
According to the latest quarterly earnings report released on July 28, 2021, Apple’s net income for the quarter ended June 26, 2021 was $ 21.7 billion. This is a 93.2% increase over the previous year (YOY). Same quarter of 2020. It also reported quarterly sales of $ 81.4 billion, up 36.4% year-on-year, and earnings per share of $ 1.30, up 100% year-on-year.
Apple’s largest individual insider shareholder is Arthur Levinson, who has been Chairman of the Board of Directors of the company since 2011 and Co-Chief Director since 2005. As of February 2, 2021, Levinson owns 4.5 million shares of Apple. Percentage of all outstanding shares.
Apple’s largest institutional shareholder is the Vanguard Group, which reflects 1.3 billion shares, or 7.8% of the total number of issued shares, according to the company’s latest mandate, reflecting the number of shares as of December 28, 2020. Owns.
Who invented the Apple iPhone?
Apple Inc. The late Steve Jobs, co-founder, former chairman and CEO of the iPhone, invented the iPhone in the early 2000s with a team of engineers and designers. The beta version of the iPhone was created in 2004, and the first iPhone was released to the public in June 2007.