Apple
Apple
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• Apple also operates an online store for hardware and software purchases, as well
as the iTunes Store, a comprehensive offering of digital downloadable music,
audiobooks, games, music videos, TV shows, and movies. The company’s best-
known hardware products include the Mac line of personal computers and related
peripherals, the iPod line of portable media players, and the iPhone, which has a
confirmed release date of June 29 2007 in the U. S. Apple’s best known software
products include the Mac OS operating system and the iLife software suite, a
bundle of integrated amateur creative software products. Both Mac OS and iLife
are included on all Macs sold.
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• Additionally, Apple is also a major provider of professional (as well as “prosumer”) audio-
and film-industry software products. Apple’s professional and “prosumer” applications,
which run primarily on Mac computers, include Final Cut Pro, Logic Audio, Final Cut
Studio, and related industry tools. Apple had worldwide annual sales in its fiscal year 2006
(ending September 30, 2006) of US$19. 3 billion. The company, first incorporated January
3, 1977, was known as Apple Computer, Inc. or its first 30 years.
• On January 9, 2007, The company dropped “Computer” from its corporate name to reflect
that Apple, once best known for its computer products, now offers a broader array of
consumer electronics products. The name change, which followed Apple’s announcement of
its new iPhone smartphone and Apple TV digital video system, is representative of the
company’s ongoing expansion into the consumer electronics market in addition to its
traditional focus on personal computers.
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• The same year, Apple announced the release of the first personal computer that
would be almost entirely mouse-based. This revolutionary new system would be
called the Lisa. Unfortunately, the Lisa’s retail price of $9,995 made it cost
prohibitive for the majority of the general public.
• Having been removed from the Lisa team, Steve Jobs joined the staff of a smaller
project at Apple. He headed the design of a new computer system for the home
market that would retail for a more price friendly $500. This proposed system
was later named the Macintosh.
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