Apr 19, 2023
By: Rahul VermaApple Inc, the tech giant with a staggering net worth, has garnered a mesmerizing following among millions worldwide. Its unparalleled fan base speaks about its reputation. But beyond its well-known image, there are fascinating hidden facts about this iconic company that are worth exploring.
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Apple, a global tech giant, boasts an astonishing amount of cash on hand, surpassing even the world's most powerful government, with instances where Apple had twice as much cash as the US government, as reported by Forbes.
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The initial design of the Apple logo was crafted by Ronald Wayne, one of the co-founders of Apple Inc. The logo showcased Sir Isaac Newton resting under the shade of an apple tree, accompanied by a profound quote from the renowned English poet, William Wordsworth.
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In 1986, Apple Inc. expanded its horizons beyond technology and ventured into the realm of fashion by launching its very own clothing line.
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With a staggering market capitalization of $2.48 trillion, Apple has surpassed the GDP of almost every nation in the world. In fact, in 2022, only four countries - the United States, China, Germany, and Japan - had economies that outstripped the value of Apple.
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Despite diversifying its product and service offerings over the past 15 years, Apple's iPhone, which was first launched in 2007, continues to be a significant contributor to the company's revenue, accounting for 52 percent of its total sales.
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Apple generates a staggering revenue of almost $2,000 per second, showcasing its remarkable financial success and market dominance.
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Apple sourced 82 percent of its panels from Samsung, while 12 percent came from LG Display, a Korean company. The remaining 6 percent is procured from BOE, a Chinese manufacturer.
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As of FY 2022, Apple's workforce soars to approximately 164,000 employees.
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