Apple Inc.

Apple IPO

Apple’s initial public offering (IPO) took place on December 12, 1980. The company was listed on the NASDAQ stock exchange under the ticker symbol “AAPL.”

At the time of the IPO, Apple priced its shares at $22 per share. The IPO generated approximately $97 million in capital for the company.

Apple’s IPO came just four years after the company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. Initially focused on developing and selling personal computers, Apple revolutionized the industry with the introduction of the Apple Macintosh in 1984.

Following its IPO, Apple faced various challenges, including internal conflicts and market competition. However, the company experienced significant success with the introduction of iconic products such as the iPod, iPhone, and iPad, which cemented Apple’s position as a leading technology innovator.

Apple’s growth since its IPO has been extraordinary, and it has become one of the most valuable companies in the world. The company has expanded its product lineup to include a wide range of consumer electronics, software, services, and digital content, maintaining a strong presence in areas such as smartphones, computers, wearables, and digital entertainment.

Investors who bought Apple at its IPO price and held on to their shares have seen remarkable returns, as Apple’s share price has skyrocketed over the years, reflecting the company’s success and market dominance.

Apple IPO Prospectus

A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find Apple’s Prospectus here.

Company Overview & History

Apple Inc. was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, in Cupertino, California. The company started in a small garage and initially focused on developing and selling personal computers.

The breakthrough moment for Apple came with the introduction of the Apple Macintosh in 1984, which revolutionized the computer industry with its user-friendly graphical user interface.

Over the years, Apple continued to innovate and expand its product portfolio. The company launched groundbreaking products such as the iPod in 2001, which transformed the music industry, and the iPhone in 2007, which revolutionized the smartphone market. The iPad, introduced in 2010, created a new category of tablet devices.

In addition to its hardware products, Apple has developed a robust ecosystem of software, services, and digital content, including the App Store, iTunes, Apple Music, iCloud, and Apple Pay.

Apple’s commitment to design, user experience, and technological innovation has made it a global leader in consumer electronics. The company’s products are known for their sleek design, intuitive interfaces, and seamless integration, attracting a loyal customer base worldwide.

Despite facing challenges and changing market dynamics, Apple has consistently demonstrated resilience and adaptability, positioning itself as one of the most influential and valuable technology companies in the world.

Financial Performance

Year	Revenue($B)	Net Income($B)	EBITDA($B)	Operational Cash Flow($B)
2022	365.82	94.68	120.88	104.01
2021	347.15	86.80	110.36	99.60
2020	274.52	57.41	77.34	80.67
2019	260.17	55.26	81.54	69.39
2018	265.60	59.53	81.79	77.43
2017	229.23	48.35	70.52	63.56
2016	215.64	45.69	67.53	65.82
2015	233.72	53.39	77.46	81.27
2014	182.80	39.51	59.03	59.71
2013	170.91	37.04	55.76	53.67
2012	156.51	41.73	57.54	50.86
2011	108.25	25.92	37.58	37.53
2010	65.23	14.01	18.39	16.50
2009	42.91	8.24	11.74	10.21
2008	32.48	4.83	8.24	8.16
2007	24.01	3.50	4.84	5.47
2006	19.32	1.99	2.62	2.27
2005	13.93	1.33	1.68	1.63
2004	8.28	0.27	0.53	0.67
2003	6.21	-0.003	0.17	0.36
2002	5.74	-0.003	0.17	0.40
2001	5.36	-0.25	-0.18	0.40
2000	7.98	-0.79	-0.44	0.40
1999	11.3	0.6	1.1	1.6
1998	5.9	0.3	0.7	1.0
1997	7.1	-1.0	-0.8	-0.3
1996	9.8	-0.8	-0.3	0.2
1995	11.1	0.3	1.0	1.3

Business Model

Apple’s business model is centered around designing, manufacturing, and selling consumer electronics, software, and services. The company’s primary products include the iPhone, Mac computers, iPad tablets, Apple Watch, and Apple TV. Apple also offers a range of software and services such as iOS and macOS operating systems, iCloud, Apple Music, Apple Arcade, and Apple Pay.

Apple’s business model is known for its integration of hardware, software, and services, creating a seamless ecosystem that encourages customer loyalty and engagement. The company emphasizes innovation, design, and user experience to differentiate its products in the market.

Market Cap Over the Years

Year	Market Cap($B)
2023	2,067
2022	2,888
2021	2,181
2020	1,279
2019	687.66
2018	691.75
2017	501.37
2016	402.17
2015	484.05
2014	295.47
2013	268.84
2012	269.43
2011	200.27
2010	113.36
2009	53.2
2008	79.89
2007	50.6
2006	44.57
2005	22.69
2004	6.66
2003	4.24
2002	7.3
2001	6.38

Risk Factors

Key risk factors for Apple include intense competition in the consumer electronics industry, legal and regulatory challenges, potential supply chain disruptions, and dependence on a few key suppliers. Other risks include rapid technological advancements, product demand fluctuations, and the need to continuously innovate to meet customer expectations.

Market Opportunity

Apple’s market opportunity has expanded significantly since its early days. While initially focused on personal computers, the company has diversified into various product categories and services. Today, Apple’s market opportunity includes smartphones, tablets, wearables, smart home devices, digital content distribution, software services, and more.

Competitors

• Samsung
• Google (Pixel smartphones and software services)
• Microsoft (Surface devices and software services)
• Huawei
• Xiaomi

Key/Fun Company Facts

• Apple was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne.
• The first Apple computer, the Apple I, was hand-built by Steve Wozniak and introduced in 1976.
• Apple’s iconic “1984” commercial, which aired during the Super Bowl, introduced the Macintosh computer to the world.
• The iPod, introduced in 2001, revolutionized the portable music industry and paved the way for Apple’s future successes.
• Apple’s App Store, launched in 2008, created a new ecosystem for third-party developers and has since become a significant revenue source for the company.
• Tim Cook succeeded Steve Jobs as CEO of Apple in 2011 after Jobs’ resignation.
• Apple became the first publicly traded company to reach a $1 trillion market cap in August 2018.
• The company’s headquarters, Apple Park, is located in Cupertino, California, and features a distinctive circular building known as the “Spaceship Campus.”