Tiffin University
MGT 506
Week 7 Assignment
October 9, 2014
From NASDAQ, my chosen stock is AAPL, which is the symbol for Apple Inc. “ Apple Inc. is an American multinational corporation headquartered in Cupertino, California, Apple designs, develops, and sells consumer electronics, software, online services, and personal computers. “(Apple.com) Apple’s most successful items have been the Mac computer, the iPod, and iPhone Apple was founded on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Apple was incorporated as Apple, Inc. January 9, 2007. The company has a net income of approximatively 37 billion a year, and employs approximately 98,000 employees. “Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.”(Bloomberg)
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Share on Linkedin share print email Apple’s iPhone 6, which was September 23, 2014, has already created such a great demand, that it has pushed back to release of their new iPad. “The bigger 12.9-inch iPad Pro tablet was supposed to enter production in December, The Wall Street Journal has learned, but that isn’t happening anymore because Apple suppliers are still struggling to meet tremendous iPhone 6 demand. Apple’s 2014 iPhone models are selling like hot cakes in more than 30 countries, with the devices expected to soon launch in China and India, two important mobile markets with a large number of potential buyers. “ (WSJ)
An interesting fact is that, “Apple grew its sales by $22 billion last year. That growth alone is bigger than most
References: http://www.businessinsider.com/15-amazing-facts-about-apple- https://www.apple.com http://www.bloomberg.com https://www.jpmorgan.com/pages/jpmorgan https://www.jpmorgan.com/pages/jpmorgan/about/history/didyouknow http://topics.nytimes.com/top/news/business/companies/morgan_j_p_chase_and_company http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history.htm http://online.wsj.com/articles/larger-apple-ipad-to-be-delayed-1412846867