Apple Inc. is an American technology company headquartered in California that designs, develops, and sells consumer electronics, computer software, and personal computers. Its major products include the iPhone, iPad, Mac, and Apple Watch. The company was founded in 1976 and has grown significantly, with revenues of $74.6 billion in its first quarter of 2015. Apple faces competition from companies like Samsung and Microsoft but has maintained its position through superior design, user experience, and brand loyalty.