Starting from a mere $0.51 share price on 12 December 1980, Apple has crossed every boundary to become the world’s first trillion-dollar company, after 42 years of success. A story of 3 guys in a garage, has become a major success story of the century.
Apple was founded in 1976 by three men: Steve Wozniak, Steve Jobs, and Ronald Wayne; created with an intention to sell Apple 1 Personal Computer. Even though it wasn’t a finished product, it gained the attention of then millionaire Mike Markkula. A few years later, on 9 January 1983, Apple Lisa was released, that revolutionized the whole computing world, as it provided the first GUI(Graphical User Interface) to a personal computer. But Lisa did not run successfully, due to the high price, leading to launch of the first Macintosh, a year later. Soon after, due to a boardroom power struggle, Steve Jobs quits Apple, with a decline in share price to $0.27.
From 1994 to1996, Apple saw a couple of CEO changes, who made drastic changes in the company, with extensive layoffs and cut costs. After multiple failed attempts to improve MAC, Gil Amelio brought back Steve Jobs to Apple as CEO in 1997. iMac G3 was launched in August 1998, with translucent Bondi blue, it’s first translucent colored plastics panel for the system.
In October 2001, Apple launched its first iPod portable digital audio player, which became a phenomenal success with over 100 million units sold in the first 6 years. During that time, Apple abandoned the use of translucent colored plastic and replaced it with a titanium-made Powerbook, followed by IBook’s white polycarbonate structure. It launched its first Intel-based Mac on August 2006, with Mac Pro, MacBook and MacBook Pro. The share price of the company grew tenfold from $6 to $80, from 2003 to 2006.
Apple’s major success started with the launch of the first iPhone in June 2007, which sold 270,000 units in the first 30 hours. This device became the game-changer for the industry. It would then go on to achieve massive success with its range of iPod, iPod Touch and Ipad products. In July 2008, Apple launched the App store to sell third-party applications for iPod and iPhone. After numerous rumors and leaks, Apple launched its first large screen, tablet device known as Ipad, on 27 January 2010. It sold more than 300,000 units, on its first day, and over 500,000 in the first week. becoming an instant success. In may 2010, it surpassed Microsoft’s market cap for the first time since 1989. It also unveiled Mac OS X Lion in October 2010, the last version with the name Mac OS X.
iPhone 4 was released in June 2011, which introduced video calling, multi-tasking and a stainless steel design that acted as phone’s antenna. Later that year, Steve Jobs retired from his position as CEO, due to a health issue, with Tim Cook as the new face of Apple. From 2011-2012, Apple launched iPhone 4s and iPhone 5, which included Siri, an intelligent software assistant, and ICloud, to store data. iPhone 5 sold 5 million units in three days, making Apple the most valuable consumer-facing brand in the world.
From 2011 to present, Apple has launched various products, under Cook’s leadership, with massive success, which showed in its share pricing, which crossed 700 billion in February 2015. Apple bought Shahzam, a company specializing in music, TV, film and advertising recognition for 400 billion, to bolster its Apple Music streaming service.
After Facebook’s massive 20% share drop in July 2018, and strong quarterly financial figures, Apple became the world’s first trillion-dollar company, with its shares holding at $208.18 as of August 2,2018 at 11:47 PM IST.
Very informative… nicely written. 🙂
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Well thats something knowledgeable. keep going.
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Very informative
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Hey! Thank you so much for this blog post packed with great information, I remember growing up with a Macintosh computer! Things have changed so much since!
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Thanks for sharing the story of apple. This is jus shows the perseverance is key.
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Hey, thanks for sharing such an informative post. Most of us Apple products but very less are aware about its great history.
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We are an apple family. I even had one of the original computers in the 80’s. Love this article and the success of apple
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I never really knew the whole story behind Apple. This is super interesting. The one thing I have always had a problem with is that their stuff is only compatible with other apple products. This is why I have been a PC fan.
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Good article. The story of Apple is impressive and inspirational. Thanks for reminding me.
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Apple is so rich it’s almost terrifying
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Apple itself has come a long way and its great to see the company is doing alright even after Steve Job’s passing.
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I have lots of apple products… haha
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wow, congrats to them for sure , can not believe how much money has been made but know that they are great company and been around for a long time
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The Apple company’s success story is a sure great inspiration for a lot of people. Been an apple product user for quite a few years now.
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Apple is such a fascinating company especially when you think about how it got started. Steve Jobs was such an innovator.
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This is so intriguing. I had no idea about Apple and the in-depth history behind it. Steve Jobs was such an innovator.
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I love Apple products even though they are on the expensive side. 😛 But lately, I see a decline in the products that they launch. It seems there’s very little improvement. I’m starting to think that maybe Steve Jobs was really the brain of Apple.
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Their numbers are impressive. I’ve always liked Apple products. They are easy to use, which is a plus for me.
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I wasn’t really aware of the fact that they’ve earned so much money! That’s so impressive and inspiring for people who would like to follow their steps! 🙂
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I remember their first Ipod and I had one back then. It was a basic white stick and it was so awesome.
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The history behind Apple is so interesting. It’s amazing too, I think of how there were no iPhones or iPads before my kids were born 11 years ago!
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I love hearing the story behind Apple. Its crazy how iPhone and iPod catapulted Apple!
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Wow thank you for sharing the incredible story of how Apple came to be. It really is amazing how Apple has really changed the game all these years.
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This is so interesting to know. It’s amazing how far this company has reached.
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Always wondered what goes behind creating such huge empires. Love the blog.
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There are a lot of things pointed out in this article that I was unaware of. Thank you for the information and the post.
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It is crazy how far the company has come in such short period of time
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