Key Points
- Steve Jobs and Steve Wozniak incorporated Apple Computer Corporation on January 3, 1977.
- The duo built their first computer, the Apple I, in the garage of Jobs' parents' home.
- Apple went public in 1980 and reached a market capitalization of $1 trillion in 2020.
- Armas Clifford "Mike" Markkula Jr. provided seed funding and served as the company's first chair.
Apple was born in January 1977... Really? It's hard to believe that it has been 46 years since Steve Jobs and Steve Wozniak incorporated Apple Computer Corporation on January 3, 1977. At the time, the duo had a vision of making computers small and accessible enough for people to use in their homes and offices.
To make this dream a reality, they built their first machine, the Apple I, in the garage of Jobs' parents' home in Los Altos, California.
Their hard work paid off when they released an upgraded model, the Apple II, in 1978. This machine brought in $2 million in profits and helped establish Apple as a major player in the tech industry. In 1980, the company went public and continued to grow and innovate over the years.
Today, Apple is one of the most successful and influential tech companies in the world. In 2020, it became the first publicly-traded company to reach a market capitalization of $1 trillion. This impressive milestone is a testament to the vision and hard work of Jobs and Wozniak all those years ago.
Apple's success story
However, Apple's success story is not just about the company's co-founders. Electrical engineer and investor Armas Clifford "Mike" Markkula Jr. played a crucial role in the company's early days by providing $250,000 in seed funding and serving as its first chair.
In addition, Apple has always had a strong culture of innovation and hiring top talent. This has helped the company continuously release new and improved products over the years, such as the iPod, iPhone, and iPad.
Apple's products have become household names and have revolutionized the way we communicate, listen to music, and access information.
Investors can use TickerTracker.io to view Apple stock and can even set up alerts to receive notifications when this stock price is updated.
As Apple continues to grow and evolve, it's important to look back at the company's humble beginnings and the people who made it all possible. Jobs and Wozniak took a risk by starting a tech company in the 1970s, and their dedication and persistence paid off in a big way. Today, Apple stands as a testament to the power of hard work and innovation.
