Apple is a Public Limited Company, found by Steve Jobs and Steve Wozniak in 1976, which design, develop and sell their goods worldwide and operate in telecom and technology industry. Their headquarters are located in Cupertino, California, USA Apple, being a successful technology and telecom company in the secondary sector who have lots of capital, have chosen to be a Public Limited Company because companies usually become public because they get more capital by selling their shares to shareholders, who own parts of the company. They are also able to get limited liability, which is an advantage where if the company goes bankrupt or fails, the owners will not be fully liable to debt. They’re also able to have continuity, which helps improve
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Products are constantly being released by Apple worldwide within small time frames. Apple’s other goal is to remain the most dominant brand for technology. This aim motivates Apple and its internal stakeholders. This goal has been achieved, since Apple is dominating the high-tech market. Apple is number one in the world for highest amount of profit, which is also one of their targets, being 53.73 Billion USD. Their revenue is 233.27 billion USD. This is one of the highest in the whole world. These goals and objectives help them forecast how far they have already gotten, and motivate internal stakeholders to do their …show more content…
They are a limited liability business, which means if they were to fail, they would not be in the risk of losing personal belongings. Limited liability is very important, because businesses can fail any time, so if in the worst case scenario, the business would fail or go bankrupt, limited liability will help the possessions of owners get taken away from government or whoever supplied the debt. They can also earn a lot of capital since there is no limit of how many shareholders a PLC can have, helping them increase their capital from the shares they sell, as seen by Apple’s profit through the shareholders. The business has continuity. This can be helpful for the business to grow through generations. Shareholders also have liquidity, and can sell their shares anytime since they are easily transferable and can be transferred to anyone. However, PLC have disadvantages which come along with it. They have to give out their public information which does not give a degree of privacy. There will be divorce between ownership and control, which gets the owner to lose his/her privilege over what happens to the business and any executive decisions. Since PLC companies are very large, things such as decision making slow down a lot due to its big size. But getting to become a PLC is very costly and can take
Products are constantly being released by Apple worldwide within small time frames. Apple’s other goal is to remain the most dominant brand for technology. This aim motivates Apple and its internal stakeholders. This goal has been achieved, since Apple is dominating the high-tech market. Apple is number one in the world for highest amount of profit, which is also one of their targets, being 53.73 Billion USD. Their revenue is 233.27 billion USD. This is one of the highest in the whole world. These goals and objectives help them forecast how far they have already gotten, and motivate internal stakeholders to do their …show more content…
They are a limited liability business, which means if they were to fail, they would not be in the risk of losing personal belongings. Limited liability is very important, because businesses can fail any time, so if in the worst case scenario, the business would fail or go bankrupt, limited liability will help the possessions of owners get taken away from government or whoever supplied the debt. They can also earn a lot of capital since there is no limit of how many shareholders a PLC can have, helping them increase their capital from the shares they sell, as seen by Apple’s profit through the shareholders. The business has continuity. This can be helpful for the business to grow through generations. Shareholders also have liquidity, and can sell their shares anytime since they are easily transferable and can be transferred to anyone. However, PLC have disadvantages which come along with it. They have to give out their public information which does not give a degree of privacy. There will be divorce between ownership and control, which gets the owner to lose his/her privilege over what happens to the business and any executive decisions. Since PLC companies are very large, things such as decision making slow down a lot due to its big size. But getting to become a PLC is very costly and can take