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Commercial Knowledge > Business Organizations > Company Overview of – Apple, Intel
Business Organizations

Company Overview of – Apple, Intel

The last two decades have changed the way the world does business. Technological developments of the last twenty-five years have propelled us into a new era. Let us learn more about the two companies at the heart of this transformation – Apple and Intel.

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Apple Inc

Image result for apple inc

Apple Inc is one of the leading companies in the world and deals majorly in manufacturing and selling of consumer electronics, computer software, and other online services. It is a global company that originated in California USA. The founders of the company are the world-renowned Steve Jobs with Steve Wozniak and Ronald Wayne.

Apple started with manufacturing and selling personal computers but has now expanded into many sectors. Today (October 2018) Apple is the second largest phone manufacturer in the world after Samsung. In fact, Apple Inc is the largest IT Company in the world (by revenue). It operates nearly 500 retail stores worldwide and employs nearly 120,000 people.

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Mission and Vision

The core of Apple’s Vision is to provide customers with user-friendly, non-intimidating technology at low prices. It understands the fact that not all users are computer experts and makes the user comfortable with their interface.

The Mission of the company is to bring the best personal computing experience to all walks of people – from students to teachers and professionals.

Portfolio

  • Mac (Personal Computers): MacBook, MacBook Pro, MacBook Air, MacMini, etc
  • iPad (Tablets): iPad Pro, iPad Mini, etc
  • iPhone: iPhone 8, iPhone X, iPhone XS etc
  • Apple Watch Seris
  • Apple Smart TV
  • Online Services: Apple Music, iTunes, etc

Intel Corporation

Image result for intel

Intel Corporation is one of the biggest companies in Silicon Valley. It is an American multinational IT company based in Santa Clara California. Intel is mainly in the business of manufacturing and selling semiconductor chips found in computers.

The company was founded in 1968 by pioneers of the semiconductor processors Robert Noyce, Gordon Moore, and Andrew Grove. Currently, Intel is the second largest chip manufacturer in the world after Samsung.

Other than semiconductor chips it also manufactures and sells other hardware products such as motherboards, flash drives, interface controllers, graphics cards and chips, embedded processors, etc. And Intel supplies its chips and processors to other electronic manufacturers such as Lenovo, Apple, HP, Dell, etc.

It currently (October 2018) averages nearly 60 billion USD in revenue every year, with nearly 18 billion in operating income. Based out of USA, Intel has operations around the world, including India. It invests significantly in Research and Development, especially in China. Overall Intel has over 105,000 employees worldwide.

As of now, Intel is trying to expand in the automated driving sector. It has collaborated with Mobileye to become one of the largest investors of this self-driving car industry.

Philosophy

The Mission of Intel is to satisfy and delight their customers, employees and all other stakeholders by delivering technological advancements that become essential in our life and our work.

Intel also has a list of core values that it encourages all its employees to imbibe. These values include discipline, risk-taking, quality and customer and result orientation.

Solved Question on Apple Inc

Q: Who is the current CEO of Apple Inc (October 2018)?

  1. Steve Jobs
  2. Steve Wozniak
  3. Tim Cook
  4. None of the above

Ans: The correct answer is option C. Tim Cook became the CEO of Apple Inc in August 2011 after Steve Jobs resigned from this position and became the Chairman of the company.

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