Apple Inc. (AAPL) is one of the world's largest technology companies, offering hardware, software, and services to consumers and businesses. The iPhone generates most of its sales and anchors an ecosystem that also includes Mac computers, iPads, Apple Watch, streaming video, subscription bundles, and augmented-reality applications. Apple designs its own software and semiconductors but relies on manufacturing partners such as Foxconn and TSMC to produce devices and chips. Slightly less than half of sales come directly through Apple stores, while most are generated through partners and distribution channels.