History Of Apple

May 28, 2014 - Apple announces deal to buy Beats for $3 billion.

June 9, 2014 - Apple conducts a stock split, bringing the price down from $647.50 to $92.44.

September 9, 2014 - Apple unveils the Apple Watch, a wearable device. When the watches hit the marketplace in 2015, sales are slow.

• December 16, 2014 - Apple wins an antitrust lawsuit brought by eight million iPod owners who alleged that Apple abused its monopoly power in the music industry to force out competition.

June 8, 2015 - Apple unveils Apple Music, a streaming music service, live radio station and social network.

February 3, 2016 - A jury orders Apple to pay $626 million in damages after finding that iMessage, FaceTime and other Apple software infringed on another company's patents. The lawsuit, originally filed in 2010 by the company VirnetX, accuses Apple of violating four patents, which mostly involve methods for real-time communications over the Internet.

February 16, 2016 - Apple refuses to comply with a California judge's order to assist the FBI in hacking the phone of the San Bernardino gunman. A public letter signed by Cook states why the company is refusing to abide by the government's demands.

March 28, 2016 - The Department of Justice says the FBI has "successfully retrieved the data stored on the San Bernardino terrorist's iPhone," and is dropping the case against Apple, since it no longer needs the company's help.

August 30, 2016 - The European Union rules that Apple must pay Ireland $14.5 billion in back taxes. According to the EU, Ireland had been giving the tech company a break on taxes for more than two decades. Ireland's finance minister issues a statement criticizing the EU's ruling and declares that the country does not play favorites with a lower tax rate for certain companies. In a letter, Cook says he anticipates the EU's tax ruling will be reversed on appeal.

September 12, 2017 - Apple unveiled the iPhone X, alongside the iPhone 8 and iPhone 8 Plus -- all of which support wireless charging. The iPhone X will also feature facial detection technology, no home button, a 3D camera and an edge-to-edge screen. The newest, premium iPhone is expected to cost about $1,000.

Keywords:

Price: The amount of money expected, required, or given in payment for something

Marketplace: An open space where a market is or was formerly held in a town.

Sales: The exchange of a commodity for money; the action of selling something.

Monopoly: The exclusive possession or control of the supply or trade in a commodity or service

Industry: Economic activity concerned with the processing of raw materials and manufacture of goods in factories

Social Network: A network of social interactions and personal relationships.

Hacking: Use a computer to gain unauthorized access to data in a system.

Data: Facts and statistics collected together for reference or analysis.

Company: A commercial business.

Taxes: A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.