Who Owns Apple?

BlackRock owned 1.11 billion shares, 6.60% of shares outstanding. Berkshire Hathaway owned more than a billion shares, almost 6% of shares outstanding. Steve Wozniak expressed multiple times his disinterest in investing and money matters and how they could potentially “corrupt one’s values”.

Encouraged by his friends at the Homebrew Computer Club, a San Francisco Bay area group centred around the Altair, Wozniak quickly came up with a plan for his own microcomputer. For working capital, Jobs sold his Volkswagen minibus and Wozniak his programmable calculator. Their first model was simply a working circuit board, but at Jobs’s insistence the 1977 version was a stand-alone machine in a custom-molded plastic case, in contrast to the forbidding steel boxes of other early machines.

  1. The building opened in April 2017 and houses more than 12,000 employees.
  2. This helps foster collaboration between investors, executives, and employees, which ultimately benefits the direction that Apple takes.
  3. Not only does the company have millions of shares of stock in play at any given time, but it is also one of the most sought-after companies when it comes to buying stocks.
  4. Tim Cook owns 3,279,898 shares of Apple stock, representing 0.02% of all outstanding shares.

They created an initial partnership agreement that made Jobs and Wozniak equal partners with 50/50 stakes. The third partner, Ronal Wayne, was offered a 10% stake, but he soon backed out due to his concerns that the company wouldn’t be able to succeed, so he sold his 10%. On April 30, 2021, the European Commission, the EU’s antitrust regulator, charged Apple with levying high commission fees in the App Store and prohibiting developers from providing information on alternative ways to use their services. The following are a few more of the institutional owners of Apple shares. During Apple’s first five years, it saw incredible growth. From September 1977 (just 9 months after incorporating) until September 1980, the company grew sales from $775,000 to $118 million.

Mike Markkula, a multimillion dollar business professional, proved vital to the company. He provided business expertise as well as $250,000 (which is over $1 million in today’s dollars) to help support the company’s early growth. BlackRock Inc is the second largest institutional owner of Apple stock.

Apple is a consumer technology company at its heart, though it has a wide range of other products available under its flagship name. The company is noted for the iPhone, its flagship smartphone, and other products. The company is a U.S. based Investment Management firm located in Boston, MA. The company has over $1.009 trillion in assets under management.

The company has about $8.67 trillion in assets under management on a global scale as of December of 2020. He began his career with Apple in 1998, the same year as Tim Cook. During his time since joining the company, he has worked in various positions, including Senior Vice President of the company, Operations, and the Head of the Worldwide Procurement division.

How Does Apple Make Money?

At first, they weren’t planning on starting a business, but it eventually became clear that their skillset could make something special if put together properly, thus giving birth to what would later become Apple Inc. During those early days, both contributed significantly towards making sure everything ran like clockwork while trying relentlessly against all odds — calming down investors one day only so that complex logistics could be solved the next, etc.

Public affiliations

In 2014 while talking about the release of the movie “Jobs” he declared that he had given away $10 million of his own stocks because it was the right thing to do. Fortune magazine articles about Wozniak’s net worth seem to place who owns apple it around $100 million. Still, with this figure being expressed through stocks which will result in less than 5%, then it will not have been reported publicly, meaning we can’t determine if he still owns Apple shares.

More European companies opt for a fight-or-flight response when confronting global competition

It was the first successful personal computer company and the popularizer of the graphical user interface. Jeff Williams, who is the Chief Operating Officer at Apple, owns 677,392 shares of Apple stock as of Jan. 9, 2023. Mr. Williams, 57, oversees Apple’s global operations and the development of Apple Watch and Apple’s health initiatives. After joining Apple in 1998, Mr. Williams held previous positions that included Senior VicePresident, Operations, and Head of Worldwide Procurement. Before joining Apple, Mr. Williams worked in a number of roles at IBM from 1985 to 1998. The largest individual investor in the company in January 2023 was Arthur Levinson, the proxy stated, with over 4.5 million shares.

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Apple was started in 1976 by Steve Jobs and Steve Wozniak.[6] Before they made the company, they sold “blue boxes”, which had telephone buttons on them. People could use them to make telephone calls from payphones without paying any money. The company’s first product is now called the Apple I computer. They were almost ready to sell it, but a problem happened.

Top 3 Institutional Shareholders

In addition to this, Apple’s iPad, a tablet computer, continues to be an important investment sector for the company. The company saw about $32 billion in revenue from the iPad alone. Other products, including the company’s wearables, home products, and accessories, also contributed to the company’s growth in 2021. The company sold over 250,000 phones (it does not provide specific sales figures any longer).

The history of Apple ownership dates back to the 1976 founding of Apple Inc., when Steve Jobs, Steve Wozniak, and Ronald Wayne decided to start their own business. At the time, Jobs and Wozniak had already become friends through their https://1investing.in/ involvement in the Homebrew Computer Club, and were looking for a way to turn their passion for technology into a business. Tim Cooke was previously employed at Compaq, serving as the company’s Vice President for Corporate Materials.

Apple is the number two holding, comprising 7.24% of the VOO portfolio as of Nov. 30, 2023. Apple briefly became the world’s first $3 trillion company during intraday trading on Jan. 3, 2022. The iPhone maker also holds the distinction of being the world’s first company to reach $1 trillion and $2 trillion. The top shareholders of Apple are Arthur Levinson, Tim Cook, Jeff Williams, Vanguard Group Inc., BlackRock Inc. (BLK), and Berkshire Hathaway Inc. (BRK.A). Next in line after Levinson, as far as individuals went, was Apple CEO Tim Cook, followed by Jeff Williams, the company’s Chief Operating Officer, according to the document.

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