Apple Inc. is an American technology company founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. It is headquartered in Cupertino, California and designs, develops and sells consumer electronics, computer software and personal computers. Some of Apple's major products include the Macintosh line of computers, the iPod, iPhone and iPad. The company has over 60,000 employees worldwide and had annual revenue of $108 billion in 2011 under CEO Tim Cook.