Apple was founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. They began building computers in Jobs' parents' garage and launched the personal computer revolution. Over the decades, Apple has become a leader in consumer electronics known for innovation, design and brand loyalty. It currently has over $42 billion in quarterly revenue and almost 50,000 employees worldwide. While facing strong competition from Microsoft, Samsung and others, Apple continues to release highly anticipated new products and services under CEO Tim Cook.