No, Apple is not a Chinese company. It is an American multinational consumer electronics and technology company headquartered in Cupertino, California, United States. Even though most of Apple’s products are made in China, the company itself is American by origins, operations and ownership. Apple’s product line-up includes iPhones, iPads, MacBook, Apple Watch, Air Pods, Apple TV, Apple Vision Pro mixed-reality headsets and accessories. The company also offers a number of services, including App Store, Apple Pay, Apple Music, Apple Arcade and iCloud.
| Details | Info |
| Founded | 1976 |
| Founder | Steve Jobs, Steve Wozniak and Ronald Wayne |
| Headquarters | Cupertino, California, United States |
| CEO | Tim Cook |
| Sector | Consumer electronics, Software services, Online services |
Company History
Apple was founded on 1st April 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. Its first product was Apple I, sold as a motherboard with CPU, RAM and basic textual-video chips. The company’s second product, Apple II, was launched in 1977. It became one of the first highly successful mass-produced personal computers.
In the year 1983, Apple launched the first personal computer with GUI and mouse, named Apple Lisa. This was followed by the launch of Macintosh 128K in the year 1984. The company launched its portable MacBook and PowerBook series in the 1989-91 period. Apple ventured into digital music with the launch of iPod and iTunes in 2001.
Apple launched its iconic iPhone series in the year 2007, followed by App Store in 2008. The company entered the tablet computer market with the launch of iPad in 2010. Apple Pay was launched in 2014. It was followed by the launch of Apple Watch in 2015.
Apple became the first company to hit $1 trillion market cap in the year 2018, reaching $3 trillion market cap in 2022.
Current Status
Apple is the world’s second most valuable company, with a market capitalisation of around $4.1 trillion. iPhones contribute 52-53% to the company’s revenues, followed by services, wearables, Mac and iPad. Apple is the number one smartphone vendor in the world, with over 19% market share globally.
Recent product launches of Apple include iPhone 17 Series, iPhone Air, Air Pods Pro 3, MacBook Pro 14”, Apple Intelligence and Vision Pro. Apple’s supplier base is made of over 200 companies across more than 50 countries.
Future Outlook
Apple’s market cap is projected to reach $5 trillion by the year 2030. The company is expected to launch at least 15 new products in 2026. Apple is planning to shift over 30% of its production capacity to India and Vietnam by 2027 to reduce reliance on China. The company is aiming to expand its services segment to increase its revenue contribution to 40% by 2030.
