PRINCIPLES OF MANAGEMENT

APPLE
There are different principles of management but even though they apply this management theory Apple
has different management system. Which is why they are different from others company. The corporate
culture of Apple is very different from other corporate culture of companies. They focus on the core
perfectionist. Every employee has the field to work on as to the perfections . Fayol management system is
followed by every company but it is outdate that so now every company are innovative and fellows their
own Management system, which is exactly every company has innovated new management system even
though fayol management system is the core of. It means they modify they change the management
system according to the Company, management system were varies From company to company.

introduction-
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell
Wozniak's Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated
as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple II, grew quickly. Within a
few years, Jobs and Wozniak had hired a staff of computer designers and had a production line. Apple went public in
1980 to instant financial success. Over the next few years, Apple shipped new computers featuring
innovative graphical user interfaces, such as the original Macintosh in 1984, and Apple's marketing advertisements
for its products received widespread critical acclaim. However, the high price of its products and limited application
library caused problems, as did power struggles between executives. In 1985, Wozniak departed Apple amicably and
remained an honorary employee,[8] while Jobs and others resigned to found NeXT.[9]

Apple is well known for its size and revenues. Its worldwide annual revenue totaled $265 billion for the 2018 fiscal
year. Apple is the world's largest information technology company by revenue and the world's third-largest mobile
phone manufacturer after Samsungand Huawei.[10] In August 2018, Apple became the first public U.S. company to be
valued at over $1 trillion.[11][12] The company employs 123,000 full-time employees[13] and maintains 504 retail stores in
24 countries as of 2018.[14] It operates the iTunes Store, which is the world's largest music retailer. As of
January 2018, more than 1.3 billion Apple products are actively in use worldwide. [15]The company also has a high
level of brand loyalty and is ranked as the world's most valuable brand. However, Apple receives significant
criticism regarding the labor practices of its contractors, its environmental practices and unethical business practices,
including anti-competitive behavior, as well as the origins of source materials.

By the end of the 1970s, Apple had a staff of computer designers and a production line. The company introduced
the Apple III in May 1980 in an attempt to compete with IBM and Microsoft in the business and corporate computing
market.[40] Jobs and several Apple employees, including human–computer interface expert Jef Raskin, visited Xerox
PARC in December 1979 to see a demonstration of the Xerox Alto. Xerox granted Apple engineers three days of
access to the PARC facilities in return for the option to buy 100,000 [citation needed] shares (5.6 million split-adjusted shares
as of March 30, 2019)[29] of Apple at the pre-IPO price of $10 a share.[41]

facts-
1. , The name ‘Apple’ came from founder Steve Jobs’ like of the fruit. Mystery surrounded
the reason for the name Apple, but in truth it was just the fruit that Jobs’ liked and
named the company after that.
2. Apple originally had three co-founders. The third co-founder, a man named Ronald
Wayne, had joined co-founders, Steve Jobs and Steve Wozniak but he left
the company only 12 days after it was founded. He sold his 10% share for only $800
and got an additional payout of $1,500. Had Wayne stayed with the company, his
shares would be worth today around $60 billion!
3. Apple have a ‘no smoking’ ban regarding their computers. As ridiculous as it sounds,
but if you smoke while using an Apple computer, you void the warranty – you’ve been
warned!
4. Apple employs more people than a good sized city. Apple employs over 90,000
people. However, millions more make money from Apple and that ranges from sales
affiliates to mom and pop shops around the world.
5. With the first Apple iPod, an Easter Egg was implanted. The way to get the Easter Egg
is to go to the ‘About’ menu and hold down the center button for just a few seconds.
Users could then see and play a game called Breakout. The game had previously
been developed by Apple co-founders Wozniak and Jobs when they worked at Atari.
6. Apple is so successful, it has twice the amount of money than the U.S. Treasury.
7. Apple scored big time with the iPod. The creator, Tony Fadell had originally offered the
device to both Real Networks and Philips. Both companies turned it down.
8. In 1983, Apple launched its Lisa line of computers. It failed. Word is that around 2,700
of the devices are buried in a landfill in Utah.
9. Apple is so successful, that in the first quarter of 2014, it made more money than
Amazon, Google, and Facebook combined.
10. Apple has around $150 billion in excess capital. It could buy companies like Netflix,
Twitter, Tesla, and Facebook.
11. It was no evil Satanic reason the Apple I sold for $666.66. Steve Wozniak saw that the
price was $667.00 and liked repeated numbers so he changed it to $666.66.
12. Apple’s first company logo featured a drawing of the father of physics, Sir Isaac
Newton.
13. To raise capital for Apple, co-founder Steve Wozniak had to sell his scientific
calculator.
14. Apple was the first to make a digital color camera.
15. The name iPod was inspired by the movie 2001: A Space Odyssey.
16. At present, Apple is the largest publicly traded company in the United States.
17. Apple’s cash on hand, around $155 billion, could give everyone in the US, $490.00!
18. If Apple was a country, it would be the world’s 27th largest country, between Venezuela
and Belgium.
19. By 2011, the Apple iPhone accounted for 40% of the company’s annual revenue. It’s
estimated that over three quarters of Apple’s income is from products that were
invented within the past 10 years.
20. Even with an estimated net worth of $7 billion, for the last 15 years with the company,
CEO Steve Jobs was only paid $1 so he could qualify for the company’s health
benefits.
Overall, Apple’s history is one of astonishment. Now one of the most powerful players in the
computing and mobile fields, Apple continues to surprise the world with its innovative
products and services.

conclusion-
Apple Inc. has became one of the world’s top corporations, generating billions of dollars
annually, providing jobs worldwide, introducing astonishing new technologies and products,
and upending the apple carts of technology, politics, social events, and more.

Their achievements cover so many areas that it would take days to spotlight. Apple’s rise to
power has been an up and down battle of mega proportions, they’ve had to go up against
fierce competitors, government regulations, and more.

However, when all is said and done, Apple still is a leader in innovation and originality.
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