Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and software products. It was established in Cupertino, California, on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne,[1][2] and was incorporated on January 3, 1977.[3][4] The company's hardware products include the Macintosh line of personal computers, the iPod line of portable media players, the iPad line of tablets, the iPhone line of smartphones, the Apple TV line of digital media players, and the Apple Watch line of smartwatches. Apple's software products include the macOS, iOS, iPadOS, tvOS, and watchOS operating systems, the iTunes media player, the Safari web browser, and the iLife suite of multimedia and creativity software.[5]As of March 2024[update], Apple is publicly known to have acquired more than 100 companies. The actual number of acquisitions is possibly larger as Apple does not reveal the majority of its acquisitions unless discovered by the press. Apple has cofounded two half-equity partnerships and purchased equity stakes in three preexisting companies, and has made three divestments. Apple has not released the financial details for the majority of its mergers and acquisitions.
Apple's business philosophy is to acquire small companies that can be easily integrated into existing company projects.[6] For instance, Apple acquired Emagic and its professional music software, Logic Pro, in 2002. The acquisition was incorporated in the creation of the digital audio workstation software GarageBand, an integral part of the iLife software suite, and now one of the leading digital audio workstations on iOS and macOS.[6]
The company made its first acquisition on March 2, 1988, with its purchase of Network Innovations. In 2013, Apple acquired thirteen companies. Apple's largest acquisition was that of Beats Electronics in August 2014 for $3billion.[7] Of the companies Apple has acquired, 71 were based in the United States.
In early-May 2019, Apple CEOTim Cook said to CNBC that Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone.[8]
Apple Inc. is a public, joint-stock company registered with the SEC. As of December31,2018[update], it has 4,715,280,000 outstanding shares. These are mainly held by institutional investors and funds.[191][192][193] The top 16 institutional shareholders (and eight related, notable funds with over 25million shares)[192] are:[191]
1 2 Only "acquired certain technology and patent rights" according to SEC Filing. Not the entire company.
1 2 $20,000,000 was the total cost for "certain technology and patent rights" from Zayante, Silicon, and Prismo. Not per company, but for all three combined.
1 2 Originally incorporated as a 50% jointly owned partnership between Apple Inc. and IBM, as a result of the 1991 AIM alliance
↑ Acquired a 3.6% stake. Increased to 9.5% in June 2009. Held 8.67% or 23million shares as of the end of 2013.
↑ Acquired a 5% stake, or 6.25 million common shares, prior to the 2000 and 2005 splits. Al-Waleed bin Talall sold the shares in 2005.
↑ Acquired a 5% stake, or 150,000 Series A shares. Microsoft sold the shares by 2003.
↑ Acquired a 3% stake, or 3.79 million common shares, prior to the 2000, 2005, and 2014 splits.
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