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Who invented Apple and when did it start?
Apple Computers, Inc. was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak, who brought to the new company a vision of changing the way people viewed computers. Steve Jobs and Steve Wozniak wanted to make computers small enough for people to have them in their homes or offices. -
Apple's first product
The company's first product was the Apple I, a computer designed and hand-built entirely by Wozniak. To finance its creation, Jobs sold his only motorized means of transportation, a VW Bus, for a few hundred dollars, and Wozniak sold his HP-65 calculator for US$500 (equivalent to $2,381 in 2021). -
The fall of Apple
Steve Jobs became involved in internal politics, was stripped of his duties, and resigned in 1985. Following claims he'd start a new company, Apple filed a lawsuit to stop him using sensitive information about the firm while in competition. This was eventually settled out of court. This had caused the fall of Apple. -
The recovery of Apple
By 1996, Apple had begun to license Mac OS to Motorola and IBM, a move suggested by Jobs before he left the company. PowerPC processors moved into the third generation and looked promising for all involved. Apple then bought NeXT to improve Mac OS and stay ahead of its competition. In 1997, Steve Jobs delivered an inspirational speech on Apple's behalf, detailing the future of Mac OS, plus other popular Apple products. Microsoft was impressed enough to invest $150 million in the firm. -
When did Apple become popular?
Another Apple innovation was released in 2001: the iPod. Its 5GB hard drive was marketed as having a thousand songs' worth of storage, an incredible feat for an MP3 player at the time. To complement this, Apple opened the iTunes Music Store in 2003. This came off the back of iTunes, Apple's digital music management software released two years prior. The iTunes Music Store was a simple way for US residents to legally purchase music online. -
How did Apple get so big?
On August 2, 2018, Apple made history by becoming the first publicly traded U.S. company to be valued at $1 trillion, as measured by market capitalization. In August of 2020, the company broke records again by becoming the first U.S. company to reach a $2 trillion market cap. Apple hovered just below that level as of early October 2020. -
How is Apple doing right now?
Apple today announced financial results for its fiscal 2022 second quarter ended March 26, 2022. The Company posted a March quarter revenue record of $97.3 billion, up 9 percent year over year, and quarterly earnings per diluted share of $1.52.
