Stock Symbol: AAPL
Company Name: Apple, Inc.
Company Website: www.apple.com
Sector: App Platforms and Software
Apple, Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad. Apple software includes the Mac OS X operating system; the iTunes media browser; the iLife suite of multimedia and creativity software; the iWork suite of productivity software; Aperture, a professional photography package; Final Cut Studio, a suite of professional audio and film-industry software products; Logic Studio, a suite of music production tools; and iOS, a mobile operating system. As of August 2010, the company operates 301 retail stores in ten countries, and an online store where hardware and software products are sold.
After having just launched its App Store two and a half years ago, Apple's iPhone, iPod Touch and iPad users have downloaded over 10 Billion applications for their iOS devices.
Apple claims that there are over 160 million users of their iOS devices which means that the average customer has downloaded about 62 applications. The App Store has more than 350,000 applications buried inside it and competitors are now trying to play catch-up!
Apple's App Store has revolutionized how software is created, distributed, discovered and sold but while others keep trying to copy the App Store, it continues to offer developers and customers the most innovative experience on the internet.
Closing Price as of February 4, 2011 - $346.50
2 Year Projection: +185%