Today when we want to get in touch with anyone or look something up on the internet most of us turn to our phones, tablets or computer versus writing letters or dictionaries. We do this because of the convenience electronics hold. Although there are several brands of electronics, the one we are going to be discussing is Apple and how this particular company currently benefits us economically. Furthermore, I am going to recommend what they could do to improve the company which, in turn, would be a greater benefit for their customers. It is safe to say that most people have heard of the company Apple. When most people refer to Apple, they think iPhones, iPads, and Mac computers. Although this is what the multibillion-dollar company is producing today, that is not how Apple initially started. On April 1, 1976, Apple Computer Inc. was founded by three young men without funding to help their business grow. When discussing the co-founders of Apple most people have heard of Steve Jobs and Steve Wozniak but were unaware of the third guy, Ronald Wayne. Furthermore, Wayne left early in the business and sold out for merely $500.00 (if he had stuck by Jobs and Wozniak for an additional 40 years his share would have been worth more than $72 billion)(Apple Inc, 2018). As Job and Wozniak …show more content…
Furthermore, with sales increasing throughout the years Apple has decided to keep their stocks reasonably priced by splitting the company four times once in 1987 and again in the years of 2000, 2005, and 2014. Furthermore, Apple went from being a struggling company founded by just three individuals to become a company with the net worth of $752 billion and now employees 116,000 people. Although, Apple is a successful company let’s look at ways it can continue to have success and how the core microeconomic principles impact the sustainability of the firm (Hattersley, L.,