Tim Cook is CEO and serves on the company’s board of directors. Prior to assuming the CEO position in 2011, when he succeeded Jobs, Cook was Apple’s chief operating officer (COO). He also who owns apple spent time leading the company’s Macintosh division. Tim Cook has been chief executive officer (CEO) since 2011. Apple is classified as a member of the information technology sector.
Apple was founded as Apple Computer Company on April 1, 1976, to produce and market Steve Wozniak’s Apple I personal computer. The company was incorporated by Wozniak and Steve Jobs in 1977. Its second computer, the Apple II, became a best seller as one of the first mass-produced microcomputers. Apple introduced the Lisa in 1983 and the Macintosh in 1984, as some of the first computers to use a graphical user interface and a mouse. By 1985, the company’s internal problems included the high cost of its products and power struggles between executives. That year Jobs left Apple to form NeXT, Inc., and Wozniak withdrew to other ventures.
- He also worked for IBM as the Director of North American Fulfillment.
- Apple is a public company, meaning its ownership consists of shareholders.
- During those early days, both contributed significantly towards making sure everything ran like clockwork while trying relentlessly against all odds — calming down investors one day only so that complex logistics could be solved the next, etc.
- The biggest individual insider shareholder of Apple is Arthur Levinson, who has been the company’s chair of the board since 2011.
Vice President Al Gore holds over 460,000 shares valued at over $60,400,000 today. On January 17, 2011, Jobs announced in an internal Apple memo that he would take another medical leave of absence for an indefinite period to allow him to focus on his health. When it reached this mark, it was the largest capital raise by any IPO since 1956, when Ford Motor Company did so.
1990: Success with Macintosh
Most of these products run an operating system called iOS. It is very similar to the Android software made by Google. IOS can do a lot of different things, and it does so by running “apps”, which are programs similar to those on a PC. Users can download and buy more apps for their device from Apple’s App Store. Apple was founded in 1976 by Steve Jobs and Stephen Wozniak.
Does Bill Gates own Apple stock?
Like other Apple products, Apple TV is regularly updated with new software and features. The most recent version comes with a new remote control and includes the Siri voice assistant. Large numbers of Apple shares are also owned by Apple insiders — executive employees and those on the board of directors. As of December 2020, chairman Arthur Levinson owned over 4.5 million shares, CEO Tim Cook owned over 800,000 shares, and COO Jeff Williams owned almost 500,000 shares, according to Investopedia.
How Does Apple Make Money?
Cook rose to CEO of Apple in 2011 after the death of founder and longtime CEO Steve Jobs. Cook, who arrived at Apple in 1998, was the chief operating officer, responsible for all worldwide sales and operations. Tim Cook, CEO of Apple Inc., is currently one of the largest individual shareholders with around 3,279,726 Apple equities/shares worth approximately $426,134,799 at current market prices. Arthur D. Levinson holds around 4,588,724 shares worth around $596,212,909, while former U.S.
The EU looked into whether Apple engaged in anticompetitive behavior by refusing rivals’ access to Apple’s payment system. The company’s success continued with the release of the Apple II, also created by Wozniak. He was able to introduce the new personal computer at the West Coast Computer Faire in April of 1977. It was a shockingly different type of computer than its competitors at the time. BlackRock Inc is a mutual fund and ETF management company.
It also reported quarterly revenue of $81.4 billion, a 36.4% YOY increase, and earnings per share of $1.30, a YOY increase of 100%. Berkshire Hathaway is a private investment and diversified holding company. It is led by Warrant Buffett, one of the most recognized names in investments on a global scale and one of the wealthiest men in the https://1investing.in/ world. Jeff Williams currently oversees many of the company’s operations, including service as the global operations lead. He is also the person who oversees the company’s Apple Watch and the company’s health initiatives. His experience managing companies is long as he has built his career around technology investments and organizations.
Who Owns Apple?
The BBC is not responsible for the content of external sites. Mr Cook told the shareholders meeting that the acquisitions are mostly aimed at acquiring technology and talent. Apple recently delivered its largest quarter by revenue of all time, bringing in $111.4bn (£78.7bn) in the first-quarter of its fiscal year 2021. That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday. The company, which reported almost $36 billion in earnings as of Sept. 30, 2023, also holds a sizable portfolio of equity securities valued at hundreds of billions of dollars. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976.
Founded in 2001, this investment firm focuses on index funds and quantitative funds. Perhaps one of the most notable and recognized names behind Apple, Tim Cook, has been with Apple since 1998 (the company was founded in April of 1976). Lots could have changed since then, but at the time, the document revealed that Apple’s largest shareholder was the firm Vanguard Group Inc., which held 7.96% of the company’s shares, or more than 1.2 billion shares. The iPhone is a mobile phone that can be used to make calls, send text messages, play games and music, show photos and videos (like an iPod), browse the Internet, and do much more. The newest iPhones released are the iPhone 15 and the iPhone 15 Pro which run on iOS 17. Many cellular carriers around the world sell iPhones, including Sprint, Verizon, AT&T, and T-Mobile in the US.
On Oct. 6, 2021, Reuters reported that the European Union (EU) will soon file an antitrust charge against Apple over the company’s near-field communication (NFC) chip technology, according to people familiar with the matter. The chip technology allows for tap-and-go payments on iPhones. The charge follows an investigation into Apple Pay launched last year by the EU.
Since its creation in 1976, Apple has seen tremendous growth, and with the help of its lauded management team, it will continue to be one of the top technology companies around for years to come. However, despite its wide ownership base, ultimately it is up to those at the helm of Apple — Tim Cook, CEO, and Luca Maestri, CFO— to decide how Apple’s products are designed, marketed, and sustained over time. Tim Cook (Timothy Donald Cook) is currently the CEO of Apple and was appointed to that position back in 2011 when Steve Jobs passed away. He owns about 0.021% of Apple’s shares, with a net worth of $1.8 billion.
BlackRock is primarily a mutual fund and ETF management company with approximately $9.09 trillion in AUM as of Mar. 31, 2023. Vanguard Group owns more than 1.25 billion shares of Apple, representing 7.96% of total shares outstanding, as of Jan. 9, 2023. Vanguard is primarily a mutual fund and ETF management company with about $7.6 trillion in global assets under management (AUM).
Apple’s latest proxy statement is set to be released in January 2024. Until then, we only know what the ownership looked like as of January 2023, almost a full year ago. Cook himself has a large stake in Apple, but Apple’s owners are mostly institutional investors.
