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Apple (view source)

Revision as of 22:08, 17 October 2011

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After Jobs became Apple's CEO, the company started to recover by launching innovative products such as the launching of its first retail store in Virginia<ref>[http://www.encyclopedia.com/topic/Apple_Computer_Inc.aspx Lewis, Scott; Covell, Jeffrey. "Apple Computer, Inc." International Directory of Company Histories. 2006. Encyclopedia.com. 26 Sep. 2011]</ref> and the iPOd in 2001, which sold 4.4 million units by 2004, followed by iTUnes Music store in 2003, iPhone in 2007 and iPad in 2010 and other products.<ref>[http://www.pcworld.com/article/238745/steve_jobs_at_apple_a_timeline.html Steve Jobs at Apple: A Timeline]</ref> By 2010, the company has a total of 317 retail stores both in the United States and internationally. Apple's total revenue for 2010 was $65.2 billion.<ref>[http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=AAPL:US Financial Statement for Apple, Inc. (AAPL)]</ref>

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~~==Jobs Death==~~

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Two months after stepping down from his position as CEO of Apple, Steve Jobs passed away on October 5, 2011 at the age of 56. The statement released by the company board of directors reads: "We are deeply saddened to announce that Steve Jobs passed away today. Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve. His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his extraordinary gifts."<ref>[http://www.apple.com/pr/library/2011/10/05Statement-by-Apples-Board-of-Directors.html Statement by Apple’s Board of Directors]</ref> According to the death certificate released by the Santa Clara Health Department, Jobs died due to respiratory arrest. Prior to his death, Jobs has been suffering from metastatic pancreas neuroendocrine tumor since 2004. He also received a liver a transplant in 2009.

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~~<ref>[http://www.cbsnews.com/stories/2011/10/10/scitech/main20118343.shtml?tag=storyMediaBox;post SpecialReport Jobs' death caused by respiratory arrest, cancer]</ref>~~

==Market Failures==

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