{"id":20639,"date":"2018-08-16T11:12:36","date_gmt":"2018-08-16T11:12:36","guid":{"rendered":"https:\/\/www.knowband.com\/blog\/?p=20639\/"},"modified":"2024-05-28T08:18:28","modified_gmt":"2024-05-28T08:18:28","slug":"apple-success-story-from-being-defunct-to-first-trillion-dollar-company","status":"publish","type":"post","link":"https:\/\/www.knowband.com\/blog\/news\/apple-success-story-from-being-defunct-to-first-trillion-dollar-company\/","title":{"rendered":"Apple’s Success Story: From being Defunct to being the First Trillion Dollar Company"},"content":{"rendered":"

Recently, Apple became the first $1 trillion company. Apart from being the biggest tech organization, it is best among \u00a0its counterparts. From building a motherboard without a monitor and keyboard (Apple I) to the newest iPhone X (Behemoth), Apple has left every tech biggie behind. Apple, primarily being a product-based company focused on their iPhone instead of trying their hands everywhere and \u00a0see where it has brought them. Their one Smartphone’s progress is so high that the other phone makers can’t even move the needle. Let’s dig deep into Apple’s Success Story and know how it all happened.<\/p>\n

\"apple-first-computer\"<\/a><\/p>\n

Apple and technology are like two sides of a coin. The way they are bringing the amazing new technologies in these small-sized handsets is just incomparable. Its current dominance and rise is quite puzzling for its competitors and even for us.<\/p>\n

Both past and the recent success of Apple are based on the growth of its products. Other than their trademark iPhone, Apple has even other successful products. For instance, its iPad brought the tablets into the market. iPad boasted 46% of US market share and grabbed $5.9 revenue. It is by far the most successful tablet in the world.<\/p>\n

Apple’s Evolution: When Apple was nearly bankrupt<\/h2>\n

Apple’s journey has been a bit extraordinary from the beginning. Who would have thought then that a 21-year-old college dropout would have this enormous vision?<\/p>\n

It all started with Jobs hanging out in a garage with his two friends Steve Wozniak and Ronald Wayne. Jobs and Wayne started working for a gaming company while Wozniak worked for the Hewlett Packard. But, on April 1, 1976, this trio built the first Apple computer and it was the first foot of this remarkable journey.<\/p>\n

But, Wayne sold its Apple shares for just $800 just three months after the initiation of Apple while the two Steves went on with their vision.<\/p>\n

\"Two<\/a><\/h2>\n

Everyone is aware that Apple had a great fourth quarter and has became the first $1 trillion company, but the way to success hasn’t been an easy one for the iPhone maker. The iPhones are doing better than ever today. But, very few of us know that Apple was once on the brink of bankruptcy. Yeah right! It happened 20 years ago in the August of 1997. Let’s take a detailed look at what happened with the Apple in the back of summer of 1997.<\/p>\n

Apple was going through a disastrous phase at that time and it was on the verge of getting defunct. Apple decided to buy a computer company \u2018 NEXT\u2019 with the hope of a right direction to their company. But, Steve Jobs convinced the board of rather getting a help from an established organization than to buy a company. Steve Jobs knew that if Apple was to be saved, the only chance was to seek help from the competitors.<\/p>\n

Microsoft realized that eliminating competition isn’t the only way to win and it came forward to rescue Apple. It invested $150 million in return for non-negotiating shares. It assured Apple that it would support Mac for five years. In the favor, Apple dropped the lawsuit against Microsoft that claimed that Microsoft had copied Mac OS to make Internet Explorer the default browser in computers instead of a choice. After the agreement, Jobs even thanked Bill Gates for their support, which was even reported in the Time Magazine that year:<\/p>\n

\"Summer<\/a><\/p>\n

Summer of 2018: When Apple is worth $1 trillion<\/h2>\n

Various tech biggies such as Alphabet (Google), Amazon, Microsoft have been doing a great job in the technology space. On Aug 2, 2018, Apple hit the market value with $1 trillion <\/a>in which iPhone X played a major role. iPhone sales increased in such a way that when it grew by 1 percent, revenue instantly jumped by 20 percent. With $53.3 billion in revenue, the company managed to grow by 17 percent per year. Other Apple services may not be showing the same magical growth, but iPhone is killing from one side and it’s enough of what Apple requires.<\/p>\n

\"Apple<\/a><\/p>\n

When we talk about market capitalization, Apple has been the biggest company in the world for all these years. Now, Apple and Tim Cook are becoming more powerful than ever and we can hope that they make fruitful use of this success.<\/p>\n

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