Berkshire Hathaway Inc is a large institutional owner of Apple shares as well. The organization is a mutual fund and ETF management company. In total, Vanguard Group Inc has more than $6.2 trillion worth of assets under its global management, making it one of the largest such organizations in the world. It is also one of the largest exchange traded funds in the world. Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed.
- Shareholders are also able to call for special meetings and propose resolutions for consideration.
- Arthur D. Levinson holds around 4,588,724 shares worth around $596,212,909, while former U.S.
- In total, Vanguard Group Inc has more than $6.2 trillion worth of assets under its global management, making it one of the largest such organizations in the world.
- Jeff Williams, who is the Chief Operating Officer at Apple, owns 677,392 shares of Apple stock as of Jan. 9, 2023.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The NeXT acquisition was finalized on February 9, 1997,[77] and the board brought Jobs back to Apple as an advisor. On July 9, 1997, Jobs staged a boardroom coup that resulted in Amelio’s resignation after overseeing a three-year record-low stock price and crippling financial losses. In April 1976, they founded Apple Computer Company (now Apple Inc.) in California with an investment of $1,350 in starting capital from them (Jobs had to sell his Volkswagen microbus, while Wozniak sold his Hewlett-Packard calculator).
iPod[change change source]
Most of these products run an operating system called iOS. It is very similar to the Android software made by Google. IOS can do a lot of different things, and it does so by running “apps”, which are programs similar to those on a PC. Users can download and buy more apps for their device from Apple’s App Store. Apple was founded in 1976 by Steve Jobs and Stephen Wozniak.
Berkshire Hathaway owns almost a billion shares of Apple, representing 5.73% of total shares outstanding, as of Jan. 9, 2023. Led by billionaire investor Warren Buffett, Berkshire Hathaway is a diversified holding company with investments in a broad range of industries including insurance, railroads, gas and electric utilities, and more. BlackRock owns 1.02 billion shares of Apple, representing 6.44% of total shares outstanding.
The BBC is not responsible for the content of external sites. Mr Cook told the shareholders meeting that the acquisitions are mostly aimed at acquiring technology and talent. Apple recently delivered its largest quarter by revenue of all time, bringing in $111.4bn (£78.7bn) in the first-quarter of its fiscal year 2021. That works out at a company https://1investing.in/ every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday. The company, which reported almost $36 billion in earnings as of Sept. 30, 2023, also holds a sizable portfolio of equity securities valued at hundreds of billions of dollars. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976.
Apple releases a proxy statement each year that reveals the institutions and individuals who hold 5% or more of the company’s stock. Apple CEO Tim Cook’s leadership has taken the company to new heights, including Apple’s market cap peaking north of $3 trillion. Apple employees include employees of companies Apple owns, and less important, but still relevant companies such as FileMaker Inc. and Braeburn Capital. The iPad is a tablet computer, similar to the iPhone and iPod Touch but with a much larger display – while a typical iPhone has a screen about 4 to 5 inches in size, iPads have screens from 8 to 12 inches big. The first iPad was introduced in 2010 and along with the iPhone, new and better models are made and sold every year. A new iPad will ship with the latest iPad OS software if it is supported.
Who REALLY Owns Apple?
In total, this is about 6.6% of the total outstanding shares for Apple. Tim Cook is well recognized for his role in succeeding Steve Jobs, who was the founder and longtime CEO of Apple. After Jobs’ death, Cook was named to Chief Operating Office for Apple. This allowed him to be responsible for Apple in all ways, including worldwide sales of the company’s products as well as operations for the company.
Who owns the most shares of Apple? Here’s a look at the company’s biggest shareholders.
He also worked for IBM as the Director of North American Fulfillment. Apple’s ten largest purchases put together would still be worth far less than any of those deals. But even if it has bought 100 companies in six years, Apple appears to be very selective about what it buys.
Vice President Al Gore holds over 460,000 shares valued at over $60,400,000 today. On January 17, 2011, Jobs announced in an internal Apple memo that he would take another medical leave of who owns apple absence for an indefinite period to allow him to focus on his health. When it reached this mark, it was the largest capital raise by any IPO since 1956, when Ford Motor Company did so.
According to Yahoo Finance, it is estimated that institutional investors own approximately 61% of Apple’s shares, while insiders hold just 0.07% collectively. According to CNN Business, individual stakeholders own about 0.35% of the company’s shares. State Street Corp has over 610 million shares of Apple Stock.
Apple unveils Sports, which will put real-time scores on your iPhone’s lock screen
It was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company’s goal was to further develop and then sell Wozniak’s Apple I personal computer. In 1977, it was incorporated by Jobs and Wozniak as Apple Computer, Inc. The company did well with the Apple II computer, which was released right away.
Apple is an immensely profitable juggernaut worth more than $2trn, so it has plenty of money to make acquisitions. In 2016, the company also took a $1bn stake in Chinese ride-hailing service Didi Chuxing, although it wasn’t a controlling interest. In the past year, Apple has bought several artificial intelligence (AI) companies, a virtual reality events business, a payments startup and a podcast business, among others. Apple has also invested in back-end technology that wouldn’t be so obvious to iPhone or Macbook users. One example is PrimeSense, an Israeli 3D sensing company whose technology contributed to Apple’s FaceID. The Vanguard S&P 500 ETF (VOO) is one of the company’s largest exchange traded funds (ETFs) with about $937.1 billion in net assets.
This Apple II also offered a colour display and other features that made Wozniak’s creation the first microcomputer that appealed to the average person. Steve Jobs no longer had any Apple shares after selling off his holdings when he left the company in 1985. He used the money from selling his stocks to purchase Pixar, which was sold to Disney in 2006, granting Steve Jobs an 8% stake in the company. As this percentage has gone below 5%, there is no obligation for information about such ownership to be reported, making it difficult to know what Steve Jobs’ widow currently holds.
His role involves leading all aspects of the business, including strategic planning, manufacturing processes, design, and product development. Before becoming CEO, Cook previously worked at IBM for a 12-year period, after which he went on to serve as COO at Intelligent Electronics for six years. From there, he would later join Apple in 1998 as Senior Vice President, under Jobs’ leadership. Since taking up this position at Apple, he has earned various awards, such as numerous Fortune Businessperson rankings throughout the last decade, along with the Financial Times Person of the Year in 2014. Arthur Levinson is an American businessman who serves as Chairman of the Board of Directors for Apple Inc. He has served on their board since 2000, making him one of the longest-serving directors at Apple.
Another high profile purchase was music recognition software company Shazam, for $400m in 2018. Apple’s largest acquisition in the last decade was its $3bn purchase of Beats Electronics, the headphone maker founded by rapper and producer Dr Dre. Apple’s 12-month trailing revenue and net income are $383 billion and $97 billion, respectively. The company’s market cap currently is about $2.88 trillion.
Timothy Donald Cook (born November 1, 1960)[1] is an American business executive who has been the chief executive officer of Apple Inc. Apple, Inc. (AAPL), currently the world’s largest company by market value, designs, manufactures, and sells a wide range of consumer technology devices including smartphones, tablets, personal computers, and wearables. Some of its best-known products include the flagship iPhone brand, and also the iPad and Mac lines. Apple has expanded its service revenue by dramatically growing its cloud services business, and by selling streaming entertainment like Apple TV+, Apple Music, and other digital content. Apple is owned by a broad base of individual shareholders, as well as institutional investors and mutual funds. Its shares are one of the best investments in the world due to its high profile and long history of success.