Apple, which we are more familiar with today with its smartphones, is 45 years old today. Founded on April 1, 1976 in the United States by Steve Jobs, Steve Wozniak and Ronald Wayne, the company’s adventure began in Jobs’ family garage. It all came about in 1976 when Steve Jobs, along with two close friends, developed a computer called Apple-1.
Three friends unveiled their products, one of the first examples of a personal computer, at Homebrew Computer Club. The computer, called the Apple-1, caught the attention of investor Mike Markkula. So the story of the world’s largest company began.
Apple, which received $250,000 in investment after the first personal computer gained recognition, took the first step towards incorporation. However, Ronald Wayne, who had made two unsuccessful attempts before, feared failure again and after the investment sold his shares, which are now worth over a hundred billion dollars, to Jobs and Wozniak for $800.
After a year, the company launched the Apple-2 and achieved much greater success with this product. With the release of the Apple-2, in 1980, Apple began generating $117 million a year in revenue from computer sales. Following the successes, the company continued to grow and expand its product portfolio. Between 1980 and ’85, the company was re-launched with two different computers, Lisa and Macintosh. However, the high price and inadequate software support led to the failure of these products. Immediately after this failure, Steve Jobs was suspended from Apple, blamed by the company’s management.
After The Apple Steve Jobs departure, it didn’t do very well. The company launched several products between 1986 and 1997. These included new Macintosh computers, a game console and a digital camera. However, almost none of the products achieved the expected success, causing the company to become financially difficult. During this period, Apple avoided bankruptcy thanks to investments from rivals such as Microsoft.
The wind reversed with Steve Jobs rejoining the company. On August 15, 1998, Apple introduced its new computer, the iMac. The product, which has achieved a great sales success, still exists today. Immediately afterwards, thanks to innovative ideas such as the digital ordering system, the company continued its rise. After its momentum, the company also changed the habits of listening to and buying music with the iPod, and later introduced the iPhone, which dominated the world.
The company revolutionized the phone world with iPhone and supported its success with software products such as the App Store. Apple, which continued its vision following the death of Steve Jobs, is now the most valuable company in the world.