Finance Presentation for Apple Essay Example | Topics and Well Written Essays - 6500 words

Finance Presentation for Apple - Essay Example On top of this, they also sell a wide variety of software, services, peripherals and other networking solutions. A. History - Apple was founded in 1976 by Steve Jobs and Steve Wozniak and is considered one of the pioneers in the technology industry. They are now based in Cupertino, California (Kimmel 1998) and since their inception in the 70's, have become one of the most well known brands in the world not only in terms of hardware power but also as an entertainment media, a niche market they have practically dominated for many years. B. Products - While the original product line of Apple were the Mac hardware and software, they have, in the course of their business, diversified and morphed into a company that creates gadgets that combine function, style and entertainment into one amazing and compact tool. 2. Business Strategy - In general, the company is dedicated to provide up to date computing tools and portable entertainment media for a spectrum of users like students, educators, professionals and many others. Apple is anchored on five core principles that have proven to be vital to the company's success in attaining market leadership and profitability. A. A. Digital Lifestyle (Apple Inc., 2007, p.1) - Unlike other companies in the technology industry, Apple has positioned itself as a provider of total digital experience. They have been a trailblazer in integrating various media like music players, mobile communication, video players, cameras and game consoles into one compact but powerful contraption. This stratagem has proven to be very effective in realizing Apple's vision to be the leading technology provider in the world. B. Expanded Distribution (Apple Inc., 2007, p.2) - Another key element in the business of Apple Inc. is their belief in getting closer to their target market. While it is possible to settle for other distribution channels, the company opted to expand their own retail outlet network strategically around the globe. This way, they will be assured that the quality of sales personnel conveying the features and benefits of their products and services will conform to their standard and provide top level customer care and after sales service. This has proven to be effective and efficient for the company as it has enabled them not only to increase their loyal customer base but to ensure repeat sales. C. Education (Apple Inc., 2007, p.2) - While Apple caters to most corporate requirements, they have since been a strategic partner of the academe. As a matter of fact, the company has committed itself in alleviating the teaching and learning process for educators and students respectively by delivering tools and devices that support this process. Apple is a firm believer that technology stimulated education will result to a higher level of student achievement and that technology can play an important role in the learning process as it allows educators and students a wider access to information that used to be limited to the privileged ones. Some of these tools and services aimed at supporting this sector are the Mac computers and Apple TV to name a few. D. Creative Professionals (Apple Inc., 2007