History is born from the thoughts of man. No matter what the situation, some people will grow those thoughts and bring them to the top of the world. Apple is a company that started with such difficulty and then succeeded and made a place in the hearts of people till now.
Steve Jobs and Steve Wozniak
Apple was launched on April 1, World Stupid Day. At the age of 21, Jobs sold his Volkswagen for $1,500. Wozniak, meanwhile, sold his Hewlett-Packard calculator for $500. Jobs and Wozniak used the proceeds from the sale as capital to build Apple.
They introduced their Apple I on April Fools' Day, 1976. Playing a key role in the company's growth, a computer dealer in the area secured a deal for $50,000 for 100 units of computers. They bought a small amount of money as a loan, giving them a one-month deadline to complete this order.
With the support of family and friends, they completed the order and earned their first income with only a day left to pay the computer parts suppliers.
Jobs and Wozniak later met Armas Clifford Markkula, the former manager of Fairchild Semiconductor International and Intel. Markula played an important role in the development of the company.
Markkula helped prepare a business plan and invested $92,000 of his own money to fund a $250,000 credit line. The company, which marketed the Apple i at $666.66 each, made a profit of about $774,000. Three years after the release of the Apple II, Apple's sales rose to $139 million.
In 1980, Apple became a publicly traded company. On the first day of trading, Apple's market value reached $1.2 billion. The market capitalisation of the company, which started in Jobs' garage, rose to $1.8 billion by the end of the day.
In 1983, Jobs hired John Sculley of Pepsi-Cola as Apple's CEO. The following year they released and marketed the Macintosh.
Despite better performance and better sales than IBM's PCs
Macintosh had some compatibility issues compared to IBM systems.
Jobs left Apple in 1985 due to internal disagreements within the company. He returned to Apple as CEO in 1997. He played a crucial role in bringing back the company which later faced financial crisis and was on the verge of bankruptcy.
Over time, Apple has moved from being a personal computer company to a leader in cutting-edge digital products. When Jobs died in 2011, Apple had a market value of $391 billion.
Credit: Bensingha