Entrepreneurship-Apple

 

One of the most well-known entrepreneurship around would be Apple.inc.

Apple.inc has a very long history starting from 1976. The first Apple company was created by Steven Jobs, Steven Wozniak and Ronald Wayne. Ronald later sold his shares of the company one year later.

According to the definition of entrepreneurship, Apple.inc fits perfectly into it and became one of the biggest company in the world.

Amount of wealth creation: No need to say much about this since everyone knows how big Apple.inc is, and how much money the creators of the company made.

Speed of wealth creation: Apple inc sold its very first computer for $666.66 which is $2,572 in 2011 dollars. When Apple.inc went public in 1980s, it instantly created 300+ millionaires, which is more than any other companies in the history.

Risk: The risk for the company is high because there were so many other competitors including IBM and Microsoft. Also, because Apple didn’t have first-move advantages, it was hard for it to get accepted by the market.

Innovation: This is a huge part of Apple.inc’s history. From the first personal computer to Macintosh, to iMac, iPod, and now iPhone and iTouch. Apple has been changing the way people live, and will continue doing it.

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