Apple: Founding Story

How Apple changed the world with the first model of the device in your hand.

At 16, Steve Jobs met his Apple co-founders, Steve Wozniak and Bill Fernandez ๐Ÿ“ฒ

The trio sold โ€˜blue boxes,โ€™ phones that let users communicate long distances at no extra cost.

Five years later, the two Steves had dropped out of college and regularly attended microcomputer showcases ๐Ÿ’ป

Wozniak soon learned how to build a computer, and Jobs wanted to sell it!

They quit their jobs, and the computer became Apple I ๐Ÿค”

Jobs suggested the name because it sounded approachable, fun and would get them the first slot in the phonebook.

The two Steves sold 50 computers to a local company called Byte Shop ๐Ÿค‘

The sale was a success, and soon 200 Apple Iโ€™s sold for $666.66 each!

Two years later, in 1977, Apple released its second computer, Apple II, and a music player, Disk II ๐Ÿคฏ

6 million customers purchased the Apple II computers.

Following the release of Apple III, Apple went public in 1980 at $22 per share ๐Ÿ’ธ

Apple had the largest IPO since Fordโ€™s in 1956 and reached a market cap of $1.77B on the first day of trading!

In 1985, Apple suffered from heavy competition from IBM and some internal disagreements ๐Ÿ˜ก

The release of the Macintosh in 1984 angered customers and investors.

The stress worsened the power struggle between John Scully, the newly appointed CEO at the time, and Steve Jobs

Soon, the two founders left Apple ๐Ÿšช

Test your knowledge

Apple named its first three computers

Choose an option

Where did Jobs get his college degree?

Choose an option

Jobs named his company Apple because of it. . .

Choose an option

What's next?

Featured Lessons