Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. It produces hardware like Mac computers and the iPhone, and software like the Mac OS operating system. As of 2007, Apple had over 19,000 employees and 183 retail stores. Its competitors include HP, IBM, and Dell. Apple's vision is to provide innovative technology experiences to users, while its mission is to bring the best personal computing experiences through its offerings. A SWOT analysis identifies Apple's strengths as its brand loyalty and product quality, but weaknesses include high prices and quality control issues. Opportunities exist in new lower-cost product lines, while threats include pressure from competitors and rapid technology changes.