Where Is Apple Registered as a Company

had name and logo issues with Apple Corps Ltd., a multimedia company founded by The Beatles in 1968. This has led to a number of legal disputes and tensions between the two companies. These problems ended with the settlement of their trial in 2007. [376] On January 14, 2009, Jobs announced in an internal memo that he would take a six-month sick leave from Apple until the end of June 2009 and that he would spend time focusing on his health. In the email, Jobs explained that «curiosity for my personal health continues to be a distraction not only for me and my family, but for everyone at Apple,» explaining that the pause would allow the company to «focus on delivering exceptional products.» [161] Although Jobs was absent, Apple posted its best non-holiday quarter (Q1 FY 2009) during the recession with revenue of $8.16 billion and profit of $1.21 billion. [162] [163] Due to the COVID-19 pandemic, Apple closed its stores outside of China until March 27, 2020. Despite branch closures, hourly workers continue to be paid. Employees across the company are allowed to work remotely if their work allows. [484] On March 24, 2020, Deirdre O`Brien, Senior Vice-President of Human Resources and Retail, announced in a memorandum that some of its retail stores are expected to reopen in early April. [485] This policy began to backfire in the later years of the decade, when new desktop publishing programs appeared on PC clones that offered some or much of the same functionality as the Macintosh, but at much lower prices. The company lost its monopoly in this market and had already alienated many of its original consumer customers who could no longer afford their high-priced products. The 1989 holiday season was the first in the company`s history to see sales decline, resulting in a 20% drop in Apple`s share price.

[83]: 117–129 Meanwhile, the relationship between Sculley and Gassée deteriorated, prompting Sculley to demote Gassée in January 1990 by appointing Michael Spindler as Chief Operating Officer. [85] Gassée left the company the same year. [86] In October 1990, Apple launched three lower-cost models, the Macintosh Classic, Macintosh LC, and Macintosh IIsi,[87] all of which saw significant sales due to pent-up demand. In February 2016, Apple issued a $1.5 billion green bond (climate bond), the first of its kind by a U.S. technology company. The proceeds of the green bond are intended to finance environmental projects. [612] [613] On August 13, 2020, Epic Games, the creator of the popular game Fortnite, sued Apple and Google after its hugely popular video game was pulled from Apple and Google`s App Store. The lawsuit comes after Apple and Google blocked the game after introducing a direct payment system that effectively prevented tech titans from charging fees. [732] In September 2020, Epic Games, along with thirteen other companies, founded the Coalition for App Fairness, which advocates for better conditions for the inclusion of apps in app stores. [733] Later in December 2020, Facebook agreed to assist Epic in its legal game against Apple and planned to help the company by providing documents to Epic.