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Introduction

Apple is a multinational corperation,A multinational


corporation is one that has business offices and
operations in two or more countries in the world.Apple
was founded as Apple Computer Company on April 1,
1976, by Steve Wozniak, Steve Jobs (1955–2011) and
Ronald Wayne to develop and sell Wozniak's Apple I
personal computer. It was incorporated by Jobs and Wozniak as Apple Computer,
Inc. in 1977.

Apple Inc. is an American multinational technology company headquartered in


Cupertino, California. Apple is the world's largest technology company by revenue,
with US$394.3 billion in 2022 revenue. As of March 2023, Apple is the world's
biggest company by market capitalization.Currently, there are 522 Apple stores that
are spread over 25 countries around the world.

Apple uses a company structure that is commonly known as “functional


organization”. This means that the company has been organized around areas of
expertise, rather than individual products. The products themselves are then worked
on by individuals from across the different areas of expertise.

Four factor of production


-land
Apple are relies on foxconn company,almost 85% apple product make from
foxconn,active projects in aluminum, cobalt, copper, glass, gold, lithium, paper,
plastics, rare earth elements (neodymium, praseodymium, dysprosium), steel,
tantalum, tin, tungsten, and zinc.The land factor of production for Apple computers
includes any issues affecting the natural resources available to Apple's suppliers in
Asia, including the cost and availability of raw materials such as glass for the multi-
touch screen, plastic for the casing and silicon for the chipset. Factors of land
production include: Plastic, Glass, Arsenic, High-grade Aluminum, Strong
Polycarbonate (1% of Apple's Greenhouse Emissions comes from recycling)

-capital
Like many technology-based businesses in the first world, Apple eschews full vertical
integration in favor of outsourcing physical production to cut costs. This dichotomy
plays out in the packaging for the iPod Touch and other Apple products, which often
bear the slogan "Designed in California" alongside the government-mandated,
country-of-origin statement "Made in China." Capital factors of production includes
machinery & warehouses technology (E.g. - Components of an iPod: Harddrive,
LCD, RAM, Circuit board with microprocessor, battery pack, audio chip, and video
chip)
Labor
The labor pool that contributed to the realization of the Apple includes internal,
stateside employees who worked on its design, prototyping and eventual marketing
and sales efforts and external laborers working in foreign factories in Asia. By using
external labor for manufacturing, Apple reduces its production costs for Apple
computers and other products. Factors of the labor force of Apple include many
people in charge of different jobs such as: Mac Hardware Engineering, Applications,
Marketing, Operations, Human Resources, Facilities, Finance, Software
Engineering, iPhone Engineering, iPod Engineering, Sales, Information, Systems
and & Technology, AppleCare, Retail Corporate

-Entrepreneurship
With Steve Jobs at its helm, Apple made a name for itself as a leader in the
entrepreneurship category on an international scale. Apple emphasized innovation in
its product line and in its efforts to mythologize its own brand. Entrepreneurship of
Apple is Steve Jobs himself.

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