Apple is one of the largest and most valuable companies in the world, developing many devices and services used by people all over the world. Their headquarters are located in Cupertino California, where they create and design services, software, and electronics, like the popular iPhone, iPad, and iMac computers. Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne.
Doubling Revenue Year After Year
The first Apple I computer kits were designed and built by Steve Wozniak. During the first five years of operation, their revenue doubled every four months. Wozniak soon invented the Apple II and then the Apple III to compete in the business and corporate market. The macintosh computer was later introduced as a personal computer available to consumers at a lower cost. In 1980, Apple went public at twenty-two dollars a share, generating more capital than any IPO since the Ford Motor Company and created more millionaires than any company in history.
First Mac Sales Very Slow… At First
The Macintosh was the first personal computer to be sold without a programming language. The Macintosh sold well at first but then sales were sluggish. They picked up once a reasonably priced laser printer was introduced to work with a publishing package. In 1985, a power struggle at the company occurred, resulting with Steve Jobs leaving Apple and starting a new company. After Jobs left the company, Apple soon lost its monopoly when cheaper personal computers started offering the same programs and offerings as the Macintosh. In 1991, the Powerbook was launched. The Powerbook was the first battery powered, portable personal computer, giving us the design for modern day laptops. This helped Apple regain some of the market share that it had lost to lower priced competitors.
Apple then returned to a decline, unable to compete with lower-priced personal computers. In 1997, Apple purchased Steve Jobs’ company, bringing him back into the management at Apple. Apple made many acquisitions and thanks to the popularity of their new iMac computers and their iTunes music service, they were profitable once again. One of the biggest turning points for Apple was the creation of their iPod, a portable digital audio player. The iPod was incredibly popular and sold over one hundred million units in less than six years. Together with their iTunes music service and superb Apple technical support, they became a market leader in music services.
Apple Begins to Lead the Industry
The iPod lead the way to Apple’s flagship iPhone in 2007, starting the smartphone media era. iPhones made smartphones popular, to the point where almost everyone now has one in their pocket. The first iPhone was a turning point for the mobile computing era we now live in. It gives you the power of a computer in the palm of your hand. They went on to create the iPad tablet, replacing the traditional computer for many people. Apple Watch was launched and has apps and programs that are available on the phones and tablets, except available on your wrist at all times. All of this success has lead Apple to be the most valuable and recognizable company in the world.