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Established in 1976, Apple Inc is a US-based multinational technology company that designs, develops and sells consumer electronics, computer software and online services. Its extensive product portfolio includes the world-renowned smartphones, tablets, personal computers, smart watches, wireless earbuds and more. Presently, there are more than 1.5 billion active Apple devices across the globe.
Over the years, Apple has grown to become one of the world’s most valuable companies by market capitalisation and the largest by revenue. In August 2018, it became the first public US company to be valued at more than $1trn.
Alongside Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Alphabet’s Google (GOOGL), the business forms the FAANG group, an entity that represents the five most popular and best-performing US-based technology firms.
Apple shares are traded on the NASDAQ stock exchange under the ticker symbol AAPL. The company is a constituent of the top-four market indices, namely the US Tech 100, S&P 100, S&P 500 and DJIA.
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Started as the Apple Computer Company, the business was founded by Steve Jobs, Ronald Wayne and Steve Wozniak on April 1, 1976, to develop and sell the Apple I personal computer. On January 3, 1977, the company was incorporated as Apple Computer, Inc, with multi-millionaire Mike Markkula providing funding of $250,000.
Within a few years, the company hired computer designers and had a production line, sending its revenues to grow exponentially. Between September 1977 and September 1980, yearly sales skyrocketed from $775,000 to $118m, representing an average annual growth rate of 533 per cent.
On January 9, 2007, it was announced that Apple Computer Inc would thereafter be known as Apple Inc, with the business shifting the emphasis from computers to consumer electronics. During the same year, the company introduced its first iPhone and Apple TV.
Today, Apple employs more than 137,000 people across its worldwide sites. The company’s products are sold through its online shops and 506 brick-and-mortar stores, spanning a total of 25 countries.
With Capital.com’s Apple stock chart you can not only quickly view the current Apple stock price but also trace the company’s shares value in historic terms.
With regard to the history of Apple Inc stock, the company went public on December 12, 1980, selling 4.6 million shares at $22 per share, or $0.39 per share on a split-adjusted basis. By the end of the first trading day, the stock increased to $29 per share, giving the business a market cap of $1.778bn. Apple’s IPO generated more than $100m, minting more than 300 millionaires in a single day, including several company’s employees.
Over its history, the stock has split four times: three times at 2-for-1 on June 16, 1987, June 21, 2000, and February 28, 2005, and one split at 7-for-1 on June 9, 2014.
According to the historical, split-adjusted Apple share chart, the company has experienced tremendous growth over the past decade, with its share price soaring from below $12 during the 2008-2009 financial crisis to more than $290 only 10 years later. On August 2, 2018, Apple made history by becoming the first $1trn company in the world measured by market cap.
On February 12, 2020, Apple stock traded as high as $327.20 per share.
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