Founded by Steve Jobs, Steve Wozniak and Ronald Gerald Wayne on April 1, 1976, and headquartered in Cupertino, CA., Apple Inc. (NASDAQ:AAPL), formerly Apple Computer, Inc., is a $520 billion market cap American multinational corporation that designs, develops and markets mobile communication and media devices, personal computers, computer peripherals, and computer software.
Apple Inc is best known for a series of hardware products and services under the iPhone, iPad, Mac computer, iPod, Apple Watch, Apple TV brands, and a variety of consumer and professional software apps, icluding OS X and iOS operating systems, as well as a cloud storage and cloud computing service under “iCloud” and a digital wallet service through “Apple Pay.”
Apple missed Wall Street consensus estimates with its 2016 second-quarter results. While this was Apple’s first quarterly revenue drop since 2003, the company still made $10.5 billion in profit. That’s more profit than what Google-parent Alphabet, Facebook, and Microsoft made combined.