A Brief History of Apple and Why I Would Sell My Apple Stocks

891 Words 4 Pages
Apple was founded by Steve Jobs and Steve Wozniak on April 1, 1976. The company's initial goal was to create and sell individual computers for consumers. Steve Wozniak acted as the primary inventor for the computer when the company was at its infancy. Wozniak was the creator of the Apple I the prototype for the computer which consisted of an assembled circuit board. Apple II further advanced the computer which included color graphic, making it the very first computer to come pre-assembled. The changes made it more desirable for a larger group of consumers which soon began demanding more and more of the product. However, competition grew quickly with the creation of computers by companies like Microsoft which began to saturate the market …show more content…
The iphone can also download apps (applications) using the iTunes store in the form of games, live communication devices (facetime), weather, business etc. Another popular device Apple has been producing is the iPad. The iPad is basically a portable computer that can access all the features offered in the iPad and iPhone. The iPad also gives the consumer the opportunity to choose to connect with wifi to access the internet or to buy a plan that allows you to have wifi anywhere you go as long as you have service. However, Apple has not stopped producing nor improving their computer. In fact, Apple created the MacBook Pro, with Retina display which is six times faster than the older generations of Macbook Pro’s. Some major competitors Apple has include Samsung and Google. Samsung has proven to be Apple’s biggest competitor in the smartphone business as it usually sells more smartphones than Apple and may begin to compete with the iPad market in the form of their Galaxy tablet. Samsung’s P/E ratio or price per earnings ratio is currently 5.75 while Apples is 12.97 as of February 25, 2014. The stock price for samsung is currently selling for 1339000.00 as of March 9, 2014 while the stock price for Apple is $42.14 per share. As for prices on eBay, the iPhone 5 is priced at an average of $545.21 while the Galaxy S4 runs for $611.51. The iPhone 5 however has less battery talk time with 480

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