The History of Apple

Category: Technology
Date added
2021/08/04
Pages:  1
Words:  387
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“It all started when three best friends Steve Wozniak, Steve Jobs, and Ronald Wayne got together in a garage to create the first ever Apple product. The Apple I was designed and hand built by Steve Wozniak, when Steve Jobs had the idea to put the product up for sale. In July of 1976 the Apple I went on the market for the price of $666.66.

The Apple I was created to be a desktop computer that came as a motherboard while being pre-assembled. It was so fascinating to the people a the time because the Apple I was unlike any other personal computers in that era. Even though the sales were booming for Steve Jobs and Wozniak, they had only created 200 computers and not too long after the creation of the Apple II the Apple I was discontinued in 1977. Today the scarcity of the product has made it a collectors item and in 2014 an Apple I was sold for $905,000.

After the introduction of the Apple II the first-year sales topped $3 million. After two years, deals hit to $200 million. Unfortunately, later on by 1980 Apple’s sales started to decline and with the Apple III on its way to make a debut along with the new competition, the LISA, caused the company to lose nearly half its market to IBM.With a few more falls flat of endeavoring to lift the organization back up, Jobs conflicted with Apple’s top managerial staff and, in 1983, he was fired from the board by CEO John Sculley, whom Jobs had picked to enable him to run the organization. At the point when deprived of all power and control, Jobs later sold his offers of Apple stock and surrendered in 1985.

The rehiring, announced in December 1996, 11 years after being shown the door, Steve Jobs needed to fix the mess that was made and put the company that he started, back up on its feet. After three different CEO’s, John Sculley, Michael Spindler, and Gil Amelio the company was going through a lot on the financial side like the loss of $708 million and Steve Jobs was the only one who could fix things. After the rehiring of Steve Jobs, he got Microsoft to invest money in the company and not long after, Apple quickly returned to profitability, and by the end of 1998, sales hit to $5.9 billion.”

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The History Of Apple. (2021, Aug 04). Retrieved from https://papersowl.com/examples/the-history-of-apple/

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