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This figure was driven by online sales through its e-commerce segment and international sales, which were primarily recorded in Mexico and Canada. The company reported net sales of $297.3 billion in 2021, driven primarily by its product segment. Founded in 1977 by Steve Jobs and Steve Wozniak, Apple became the first publicly-traded company whose value hit $1 trillion. The term business often refers to an entity that operates for commercial, industrial, or professional reasons. The concept begins with an idea and a name, and extensive market research may be required to determine how feasible it is to turn the idea into a business. Capital may be raised through private means, by an initial public offering or IPO on a stock exchange, or in other ways.
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