You know my friends : We all would love to know the history of Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. It is one of the largest technology companies in the world and is known for products such as the iPhone, iPad, Mac, and Apple Watch.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. Jobs and Wozniak were college dropouts who had a passion for technology, while Wayne was a former employee of Atari. The three founders started the company in Jobs' garage in Los Altos, California, with the goal of creating and selling personal computers.
Apple's first product was the Apple I, a computer kit designed by Wozniak. It was introduced in July 1976, and the company sold 200 units at $666.66 each. The Apple II, released in 1977, was the company's first mass-produced personal computer and became a huge success. It sold over 6 million units and made Apple a household name.
In 1980, Apple went public with an initial public offering (IPO) that raised $100 million. By the end of the first day of trading, Apple had a market value of $1.2 billion, making it the largest IPO since Ford went public in 1956.
In 1984, Apple released the Macintosh, a personal computer that featured a graphical user interface and a mouse. It was a revolutionary product that changed the way people used computers. The Macintosh was also the first computer to feature a built-in screen, which made it more user-friendly than previous models.
Throughout the 1980s and 1990s, Apple continued to innovate and release new products, including the Apple IIc, the Apple IIgs, the PowerBook, and the iMac. The company also developed the Macintosh operating system, which eventually became macOS.
In the 1990s, Apple faced tough competition from Microsoft and struggled to maintain its market share. The company's sales declined, and Jobs was forced out of the company in 1985. He founded a new company called NeXT, which Apple later acquired in 1997.
In 1997, Jobs returned to Apple as the CEO. He brought a new vision to the company and focused on innovation and design. Under his leadership, Apple released a series of groundbreaking products, including the iMac, the iPod, the iPhone, and the iPad.
The iMac, released in 1998, was a colorful and sleek desktop computer that became an instant classic. The iPod, released in 2001, was a portable music player that revolutionized the music industry. It was followed by the iPhone in 2007, which changed the way people used mobile phones. The iPhone was a huge success and became Apple's flagship product, accounting for the majority of the company's revenue.
Apple continued to innovate and release new products throughout the 2010s, including the iPad, the Apple Watch, and the AirPods. The company also developed new services such as Apple Music, Apple TV+, and Apple Pay.
Despite its success, Apple faced criticism for its manufacturing practices and labor conditions in its factories in China. The company also faced legal battles over patent infringement and antitrust violations.
In 2011, Jobs passed away due to complications from pancreatic cancer. His death was a huge loss for the company, but Apple continued to thrive under the leadership of Tim Cook, who took over as CEO. Cook has continued to focus on innovation and design, and under his leadership, Apple has released new products such as the Apple Watch and the HomePod.
Today, Apple is one of the largest companies in the world, with a market value of over $2 trillion. Despite the challenges it has faced over the years, the company continues to innovate and release new products that shape the technology industry.
