According to Business of Apps, Apple might very well earn $365 billion in sales in 2021. And iPhone sales accounted for more than half of this revenue. But who is the owner of Apple? It’s tempting to think of Apple as a monolith. But the company’s success is actually dependent on the decisions of a few important individuals and groups.
Who is the owner of Apple?
Apple is a public firm, which means that stockholders own it. Apple has more than 16 billion shares outstanding as of March 2022, according to Macrotrends.
Who is the owner of Apple?
Organizations possess the majority of Apple’s shares. According to Investopedia, the Vanguard Group was Apple’s largest institutional shareholder as of February 2021. It owned more than 1.3 billion shares, or 7.83% of shares outstanding at the time. BlackRock held 1.11 billion shares, or 6.60% of all outstanding shares. Berkshire Hathaway owned over a billion shares, accounting for about 6% of all outstanding shares.
Who is the owner of Apple? Apple insiders – top workers and members of the board of directors — also possess a significant number of Apple shares. According to Investopedia, as of December 2020, chairman Arthur Levinson had over 4.5 million shares, CEO Tim Cook owned over 800,000 shares, and COO Jeff Williams owned about 500,000 shares.
Steve Jobs and the Apple Story
Steve Jobs and the Apple Story
- In 1977, Steve Jobs and Steve Wozniak co-founded Apple, launching the Apple I and later the Apple II.
- Apple went public in 1980, with Jobs as the brilliant visionary and Wozniak as the timid genius carrying it out.
- Executive John Scully was appointed in 1983, and in 1985, Apple’s board of directors replaced the hostile Jobs with Scully.
- Jobs left Apple to invest in and expand Pixar. And then he formed NeXT to manufacture high-end computers; NeXT eventually brought him back to Apple.
- Jobs returned to Apple in the late 1990s and spent the years leading up to his death in 2011 reinventing the firm. Also, he worked to release the iPod, iPhone, and iPad and altering technology and communication in the process.
Get to know about Tim Cook
Apple’s CEO now is Tim Cook, who took over the helm in 2011 when Steve Jobs passed away. Cook, who joined Apple in 1998, previously held the positions of SVP of Operations and Chief Operating Officer.
Tim Cook led Apple to profitability as its Chief Operating Officer by overseeing the company’s global operations. He has contributed maintaining relationships with resellers, and keeping a tight watch on the company’s supply chain.
Tim Cook led Apple to profitability as its Chief Operating Officer by overseeing the company’s global operations
Cook was a close confidant and friend of Steve Jobs. And by continuing to drive the business toward expansion, he has preserved Jobs’ legacy. Apple has adopted a strong position on social problems, environmental preservation, supply chain accountability, and privacy rights under Cook’s leadership.
The iPhone X, the Apple TV 4K, the iPad Pro, the Retina MacBook, and AirPods are just a few of the notable items that Cook oversaw throughout their development and introduction. Under his direction, Apple is expanding, looking into fresh directions for innovation in industries like autos and augmented reality.
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