Apples Success - 3553 Words

[pic][pic] May 11, 2011 Apple, Inc. Although there is hardly anyone left in the world that does not know anything about the company Apple, the following synopsis will demonstrate how this successful firm really does make a profit. Just go into any electronics store or a cell carrier, and you’ll get to see almost all other companies that are trying to keep up with Apple. When the iPhone came out, it was the leader in multi-touch screen phones. Now, almost all the phones for sale are similar in their functionality. Same is noticed with the iPad. A year ago there were hardly any tablets on the market. Now that Apple has paved the way for that niche, others are following once again. Recently on April 20, 2011, Apple announced†¦show more content†¦The iPad sales did fall short of estimates by analysts. From its one billion dollar profit in 2007 to its now six billion, Apple is doing its best work ever according to some analysts. Let’s take a look at how Apple makes money. It was announced recently that Apple had sold more than 18 million iPhones in Q2 alone. For a better perspective, the company sold 14 million iPhones in Q4 of 2010. In Q1 of 2011, the company pushed over 16 million iPhones. The 18 million represents a 113% growth over the same quarter the previous year. For one thing, the iPhone sales saw a 91% unit growth over the same quarter a year ago, with 14.1 million sold. The company said is also sold a little over four million iPads during the quarter, which could have been stronger if it weren’t for some supply constraints. Even Macs, which are due for some upgrades, had a 27% unit gain from a year ago with almost four million sold. The only thing that actually had a drop in sales was the iPod. The drop in 11% for this product could have been due to the cannibalism of the iPhone, which is just an iPod with phone capability. Even Apple CEO Steve Jobs was taken aback by thes e new figures. He stated, â€Å"We are blown away to report over $20 billion in revenue and over $4 billion in after-tax earnings—both all-time records for Apple. iPhone sales of 14.1 million were up 91 percent year-over-year, handily beating the 12.1 millionShow MoreRelatedApples Success And Success1461 Words   |  6 PagesThese changes helped to significantly contributed to the successes of the company. Introduction Apple is now a multinational company that sells and creates electronics in stores all over the world. This success can be attributed to its high brand awareness and key financial decisions. Apple’s strategy is mostly based on great financial management; which has helped to allow them to gross well over four hundred and fifty billion dollars as a brand. This amount is significantly higher compared toRead MoreApples Success And Success1409 Words   |  6 PagesAPPLE SUCCESS METHODS 1 APPLE SUCCESS METHODS Success is a goal of every business. There are few companies that enjoy success the way Apple, Inc does. Fortune Magazine does an Annual ranking of the best companies by revenue known as the Fortune 500. Making it into these top 500 companies is somethin g that is truly to be coveted as being listed among this shows that you are part of the most successful business. In 2015, Apple made it into the Fortune 5 (Fortune 500 List) . MeaningRead MoreBenefits Of Diversity And Inclusion1657 Words   |  7 PagesIntroduction Diversity and inclusion are hot topics in today’s business world. While treating individuals fairly and equally is a social imperative, it is also extremely important to the success of a business. With the changing demographics of society and its affect on the American workforce, organizations must truly embrace diversity and inclusion. â€Å"For companies to succeed in the global marketplace, they must make the most of the full range of their people. 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In spite of Apple’s negotiation powerRead MoreApple Inc.1194 Words   |  5 PagesAtkins Abstract This paper describes the key strategic challenges facing Apple Computer. This paper will also describe the dimensions along which company success can be measured. We will also describe the critical external and internal environmental factors that have strategic implications for Apple’s future. This paper will further explain how Apple’s strategy stands up against industry rivalry. In closing we will provide recommendations to enhance the effectiveness of the company’s strategy or to changeRead MoreDifferent Dimensions Of Apple s Products And Services1573 Words   |  7 Pagesand short-term performance. This report will explore the different dimensions of Apple’s products and services, the major factors in the external environment that can potentially impact on its success, influence of key stakeholders on financial performance, and contentious corporate social responsibility issues surrounding the company. The Nature, Structure, and Types of Apple’s Products and Services Apple is famous for leading-edge products. Founded in 1976