Economic Indicators May Affect The Apple Inc. Essay

911 Words May 14th, 2015 4 Pages
Economics is the study of how people use scarce resources to produce valuable produces and issue them in societies around the world. It’s explained through the manufacturing, consumption, and movement of wealth in the economy. The best recommendations while studying economics are economic indicators, they are used for predicting or making a forecast about the economy, and how the economy might be affected by certain circumstances in the society. The purpose of this paper is to identify how certain economic indicators might affect the Apple Inc. industry. The economic indicators to be discussed in this paper are consumer confidence, and consumer price index.
Apple Inc. all started in 1975, when Steve Wozniak created the first microcomputer, the Altair 8800, simply a working circuit board. In 1976, Wozniak was an engineering intern at the Hewlett Packard Company. The company showed Wozniak no interest in his computer design, so he moved production headquarters to a family garage with the help of a former high-school classmate, Steve Jobs. Together Jobs and Wozniak develop their first microcomputer model in 1977, with the Apple II. In 1979 Jobs took a group of engineers to the Palo Alto (California) Research Center. There they were introduced to on-screen windows, a pointing device, which is now known today as a mouse, and the use of icons and pictures. They used the ideas they received and included them into their next computers known as Lisa, released in 1983, and the…

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