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Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price - Essay Example

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College
Essay
Finance & Accounting
Pages 3 (753 words)

Summary

Apple Incorporated Apple incorporated is a technology-manufacturing firm that is based in the US. The company is responsible for the manufacturing of consumer electronics, computer software, and personal computers such as laptops, desktop computers, smartphones, and music players…

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Impact of Apple iPhone, iPod & Laptops on the US GDP and stock Price

Moreover, the company is in charge for the manufacturing of iTunes Media Browser, iLife and iWork creativity and production suites (Apple Computer Inc. Web). The company is the third largest mobile phone maker in the world after Samsung and Nokia. The company has also been named to be the most admired company in the United States in 2008 and the most admired company in the world from 2008 to 2012. Apple Inc. is the largest openly traded company in the world by market capitalization. The company has an estimated value of $626 billion listed in the New York Stock Exchange. This means that market capitalization of the company is larger than that of its competitors, Google and Microsoft put together. The company’s worldwide annual revenue amounted to $65 billion in 2010, which have grown to $156 billion in 2012 (Foremski 1). When it was first launched, the iPhone was comprehensively respected that it was dubbed the "Jesus Phone.” However, five years later, its impact is so huge that its latest recapitulation possibly will accomplish the astounding achievement of redeeming the US economy. The tremendous growth of its iPhone, iPod Touch and iPad products have brought about the large growth of the company. These products introduced innovations in mobile phones, portable music players, and personal computers respectively. ...
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