Ghaliah Janbi 975541
Apple Inc. Merger And Acquisition with Beats
Apple Inc. is an American consumer Electronics Company that designs,
manufactures and sells computer hardware, software, mobile communication, media
devices, portable digital music players electronic gadgets. Also, Apple Inc. sells a variety
of related software, services, and third-party digital content and applications. Apple Inc.
expanded their range to the point where they sell and deliver digital content and
applications through the iTunes Store, App Store, iBooks Store, and Mac App Store
(AAPL, 2015).
In 2007, Apple Computer changed its name to Apple Inc., reflecting a shift from
creating primarily personal computing devices to providing a full line of consumer
electronics, such as iPhone, iPad, iPod, Mac, Apple TV. A range of consumer and
professional software applications, the iOS and OS X operating systems, iCloud, and
accessories, service and support offerings. Apple Inc. has experienced such a financial
success because of its prosperous marketing and unwavering focus on developing
exquisitely designed, easy-to-use consumer products. The company was founded by
Steven Paul Jobs, Steve Wozniak and Ronald Gerald Wayne on April 1, 1976 and is
headquartered in Cupertino, CA (Skemp, 2014).
Apple Inc. from a financial point of view has reached a market capital by 774.69
billion dollars, total revenue 199.80 billion dollars and gross income by 70.54 billion
dollars. This Data provided by Capital IQ according to yahoo finance (Apple Inc., 2015).
Ghaliah Janbi 975541
Also, Apple Inc. is considered one of the companies that work in many industries such as
Computer hardware and software, consumer electronics and digital distribution but
originally Apple Inc. started in Computer hardware. Fifth of the global expenditure on
information technology (IT) is represented by spending on computer hardware which is
about 40% of total IT spending (S&P Capital IQ, 2014).
The Computer hardware industry is about products extending from MP3 players
to mainframe computers, the computer hardware industry serves a widespread range of
customers from consumers purchasing personal computers to global corporations
implanting an internal-external network (IPCH, n.d.). As Apple Inc. market expanded
over the years by selling a verity of products whether its an apple’s production or gadgets
