Apple’s Journey to $1 Trillion

Founded on April 1st, 1976 by Steve Jobs and Steve Wozniak in Jobs’ parents’ garage, Apple has come a long way from its humble beginning. So much so that in August 2018, Apple Inc. became the first $1 trillion publicly traded company in history.

The story about Apple began when Jobs and Wozniak released their first product, the Apple I, on April 1^st, 1976. The success of Apple I sparked public interest in the new brand of personal computers, and Apple went on to release Apple II, a microcomputer aimed at households rather than offices.

In December 1980, Apple conducted an initial public offering of its 6 million shares at $22 per share – a move that made both Jobs and Wozniak instant multimillionaires. 

During the first half of the 1980s, Apple released the Lisa, the first personal computer with a graphical user interface and introduced the Macintosh computer with a great futuristic ad that aired during the Super Bowl.

The slow-performing and high-priced Apple Lisa sold poorly which led Steve Jobs first to abandon the Lisa project in 1982 and then leave the company in 1985.

This, however, was only the beginning of Apple’s story of success. If you want to know more about Apple’s journey to $1 trillion, don’t miss the comprehensive infographic below by The Watchstrap.co.