Apple Inc.: Case Study, Success Story, Business Model, Founding Team, and More

Starting of Apple Inc. Journey :

A look back at Apple’s beginnings and history is necessary to understand how it became so successful. Here is a quick overview of the company’s earliest products, from the Apple Inc, the company’s first computer (no display or keyboard).to the most recent iWatch.

From the start, It’s journey is just a little unusual. Who’d have guessed a 21-year-old high school dropout would have such a big vision back then?

Jobs began by hanging out in his garage with two buddies, Steve Wozniak and Ronald Wayne. Jobs and Wayne went to work for a video game firm, while Wozniak went to work for Hewlett Packard. However, on April 1, 1976, this trio created the first Apple computer, which marked the start of a wonderful journey.

However, Wayne sold his Apple stock for $800 just 3 months after the company was founded, while the two Steves continued to pursue their ambition.

About Apple Inc. :

Services and customer support :

It is a simple store where you can buy it’s devices and accessories. You can purchase tickets online or by calling 000800 040 1966.

The Order Status page includes details about a purchase you made on the Apple Online Store. You can also check the status of your order or make modifications by calling 000800 040 1966.

Support application: 

Do you require assistance or service? Start your inquiry online and we’ll get back to you as soon as possible.

Additional Resources:

• Contact the iTunes Store’s customer service.
• See a list of all support phone numbers from across the world.
• Make contact with a mobile service provider.
• Find a service provider who is an company’s Authorised Service Provider.
• The majority of it’s devices are eligible for free 90-day technical support. After the initial 90 days, online technical help for Apple products is available.

Year 1997 :Downfall faced by the company

Everyone knows Company had a wonderful fourth quarter and became the first business to be valued at $1 trillion, but the iPhone maker’s path to prosperity hasn’t been simple. Today’s iPhones are performing better than ever. However, few people are aware that Apple was previously on the verge of bankruptcy. That’s correct! It happened in August of 1997, 20 years ago. Let’s take a closer look at what happened with it over the summer of 1997.

It was in the midst of a horrible period at the time, and it was on the edge of going out of business. It opted to purchase the computer business ‘NEXT’ in the hopes of steering their company in the right direction. However, Steve Jobs persuaded the board to seek assistance from an established organization rather than purchase a company. Steve Jobs realized that the only way to save the company was to enlist the support of its competitors.

Microsoft learned that destroying competitors isn’t the only way to win, and it stepped in to help Apple. It put up $150 million in exchange for non-negotiable stock. It promised the company that it will continue to support Macs for another five years. In exchange for the favor, Apple abandoned its lawsuit against Microsoft, alleging that Microsoft had cloned Mac OS in order to make Internet Explorer the default browser on computers rather than a choice.

Steve Jobs’s never-giving-up attitude inspired me the most. After such a massive loss becoming such a big brand and gaining the popularity it has today is something that every entrepreneur and organization should inculcate. It also gave me the knowledge that destroying the competitors is not the only way to success but sometimes collaborating and helping them can also lead to success. 

Year 2018:Apple become a 1 trillion dollar company

Various tech behemoths such as Alphabet (Google), Amazon, and Microsoft have excelled in the technology sector. On August 2, 2018, It achieved a market capitalization of $1 trillion, with the iPhone X playing a key part. iPhone sales escalated to the point where a 1% rise in sales resulted in a 20% gain in revenue. With a revenue of $53.3 billion, the corporation has grown at a rate of 17% every year. Other Apple services may not be growing at the same rate, but the iPhone is killing it on one hand, and that’s all it needs. When it comes to market capitalization, It has been the most valuable corporation on the planet for many years. Apple and Tim Cook are now more powerful than ever, and we can only hope that they make good on their fortune.

The magic moment :

Individual investors will undoubtedly benefit from the company’s good fortune. It’s stock is held by a wide range of people, from teachers to electricians to lawyers. With a market capitalization of $1 trillion, it reflects the size of the investor’s stake in Apple. It is presently in a situation where it is growing and profitable for all types of investors, whether novice or experienced.

“Apple’s $1 trillion valuations is a terrific reminder to shareholders that companies with new ideas paired with international products and services can build wealth for investors over time,” says Kate Warne, profits and marketing manager at Edward Jones.

Challenges faced by the company :

Every sector in which Apple is focusing its efforts and investing money has competitors. Whether it’s for Chatbots and AI, or automobiles and voice, hungry co-opted enterprises are trailing behind.

It just exceeded the one-trillion-dollar mark, which astounded us all. But will they be able to sustain their lead in the tech market? Is the company capable of delivering the same level of technological innovation as it has in the past? Will it be able to attract a larger number of devoted customers? Because there are other racers in the race if we look behind us. Maintaining such large numbers will be difficult when they are up against other major competitors who have the ability to overpower them.

Actually, the greatest issue would be to keep this progress from becoming complacent. As they say, success brings both blessings and curses, therefore this organization must carefully prepare their next movements.

Controversies About The Company :

Apple and scandals have always been on the same side. It has been the subject of numerous claims over the last two decades. Recently, Google was fined $5 billion for Android Abuse, and Apple is also on the receiving end of the sword. Here are a handful of the claims that have been leveled against the company in the past:

• The iPhone Battery Debate
• iPhone Take it easy. Anticompetitive Practises are a source of contention.
• Violation of Universal Compatibility
• Bill on Irish Taxation

The list goes on and on; Apple’s history is littered with allegations, big and small. But it always manages to avoid them. It has always been surrounded by negativity, but it never allows itself to be undermined.

Opportunities Available :

• Consistency in Customer’s Growth: Their 92 percent customer retention rate proves that Apple continues to dominate the technology industry. They guarantee top-notch service and innovative technologies that enhance the customer experience. Moreover, It can always rely on the internet’s strength in recruiting new clients and building new alliances for future prospects.
• Growth in Distribution Network: If It builds a large distribution network, it will be able to produce more sales and income. Currently, Apple’s distribution network is quite limited, with very little room for expansion. By focusing on expanding its distribution network, It will be able to increase its income. Furthermore, careful marketing and promotions might benefit the organisation.
• Utilising AI: With the recent addition of Regained, a French AI company, and DeskConnect, an AI tool, Apple is hoping to boost its profit margins and maintain its competitive position on the market. It acquired the former so that intelligent search is incorporated into its photographs application, and the latter to assist customers in organising apps and features through text commands. To remain a leading company in the future, It should continue investing in both of these acquisitions.
• Fitness feature in i-Watch: It would be great if it added a readiness score function to its Apple Watch, similar to that found on the Oura and Fitbit. Their activity rings are useful for tracking your workout record and regularity, but many believe it’s past time for it to add such a feature. Fitbit and Oura have had sleep tracking features for a long time, but Apple hasn’t added them, and other apps like AutoSleep are required to access it.

FAQ’s

Question 1: What is Apple’s current business? 

Answer: Below is Piper’s estimates for sales of iPhones, iPads, and Macs throughout Q4. Mac Q4 estimate: 4.2 million, similar to the street estimate.iPad Q4 estimate: 5.5 million units. The iPhone has an estimated sales of: 15.5million units. 

Question 2: Is Apple able to ramp up production of the iPad and iPhone?

Answer: The iPad and iPhone supply issues that hurt Apple’s Q3 are now resolved. It is able to meet demand, and the devices are sold more widely around the world. The company should have a strong Q4.

Question 3: iPhone effect in apple’s Gross Margin? 

Answer: In Q4, we shouldn’t expect margins on the iPad to suffer too much. The more iPads Apple sells, the larger the impact on margins. With time, margins on the iPad will improve. 

Question 4: How is Apple’s Biggest Rival? 

Answer: Android is considered to be it’s biggest rival, as there has been a constant increase in the features and product quality of the android phones. 

Founders Advice To Entrepreneurs

Steve Jobs just believed in a simple mantra is “ Fewer Things, Better Things”   He always tried to focus on smaller things, instead of achieving everything at once. He works with a simple mantra that if we plan to conquer smaller things then it will be easier for us to conquer the bigger things. So he always focused on a single set instead of multiple works at the same time, to achieve what he really wanted. He also believed that when you start a company then you should have a great idea with a good team and the latest technology so that you can achieve your dream. Think different is how he explains his products. 

Conclusion

Apple’s rule has been marked by losses, defeats, successes, and controversies, but it has proven its commercial potential. It didn’t become a billionaire overnight. It has risen from the ashes of product failures, near-bankruptcy, and the death of its founder to become a $1 trillion company. It would not have progressed as far as it has if Microsoft had not invested in the firm. Imagine a world without iPhones, iPads, Macs, and other such devices.

It’s success is built on hard work and sacrifice, therefore no one will be able to effortlessly conquer it. It isn’t a secret that it faces some stiff competition in the market. It will be interesting to observe how other companies compete with Apple in terms of technology and how Apple responds. That will be determined by the passage of time.

Twinkle Jain

Twinkle Jain is an experienced content writer with a strong focus on creating daily trending articles related to business, startups, trending news, and viral internet topics. With a sharp eye for current events and market shifts, Twinkle excels at producing timely, engaging content that captures the essence of what’s hot and relevant in today’s fast-paced digital world.