Apple, the world's most valuable company, turns 40 this year. Building its wealth on a history of innovations that changed daily life — from its leading role in the personal computer revolution of the 1970s and 1980s to the smartphone tsunami of the last decade — Apple products have not just sold well, they've driven the creation of new markets, new industries, even new lifestyle habits. More than 1 billion Apple devices are in active use around the world, CEO Tim Cook said in March.
The question is, can this iconic company do the same over the next four decades, or will it fall victim to the stasis that turned onetime growth giants as old as General Electric and Wal-Mart into slower-growth value stocks and reduced one-time stars, like Sun Microsystems, to cheap merger bait.
— By Tim Mullaney, special to CNBC.com
Posted 29 April 2016