5 Fascinating Facts About Apple

Apple Inc. is an American multinational technology company headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and online services.

1. The ‘i’ in Apple products originally stood for “internet,” Besides Internet, Apple's prefix also stand for individual, instruct, inform and inspire.

Image Source: support.apple.com

During the debut of iMac, Apple’s co-founder and then CEO, Steve Jobs, said that the “i” stood for “Internet” and “Mac” for Macintosh. Later, Steve Jobs assigned four other meanings for the “i” in “i-products.” They are:” individual, instruct, inform and inspire.”(source)

2. Apple is one of the highest credit card information holders in the world because Apple has about 800 million iTunes accounts, and most of them are linked with credit card accounts which makes .

Image Source: www.paypal-gifts.com

3. Apple used to add the letter “x” to the names of their computers which got a processor upgrade. The convention was broken with Macintosh SE/30, which, if the rule had been followed, would have been called “Macintosh SEx.”

Macintosh SE/30
Image Source: diymac.org

4. Apple sells its iPhone 6s Plus at three times the cost of its production charge.

Image Source: www.imore.com

To make an iPhone 6s Plus device, Apple spends $231.50, and after adding the manufacturing costs, it amounts to $236. Then it sells the iPhone at a 217.4 % markup, i.e. at $749.(source)

5. Apple’s chief designer, Jonathan Ive, has a private lab that only his team and top Apple executives are allowed into. 

Jonathan Ive
Image Source: www.imore.com

Jonathan Ive started working full-time with Apple in 1992 and became the Senior Vice President of Industrial Design in 1997.  No one except his core team and top Apple executives is allowed access into his office. Even his children don’t have permission to enter his secret studio.(source)