Today marks the 45th anniversary of Apple, founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1, 1976. However, Wayne sold his 10% stake in the company back to Jobs and Wozniak just 12 days later to avoid financial risk. Today his share would be worth more than $ 200 billion.
Apple’s story began in Jobs’ garage in Los Altos, California, where he worked with Steve Wozniak to test the first Apple I computers. Jobs later arranged to sell the Apple I for $ 666.66 at a small computer store called Byte Shop in nearby Mountain. -View, California. Sales began in July 1976. Wozniak later said that he chose this price because he liked repeating numbers.
Apple has experienced a series of ups and downs over the past 45 years, from near bankruptcy in the late 1990s to becoming the world’s most valuable public company. During this time, the company released several iconic products, most notably the Macintosh in 1984, the iPod in 2001, and the iPhone in 2007.
Apple CEO Tim Cook recalled the company’s 45th anniversary today on Twitter, sharing a quote from Jobs, “It’s been an amazing journey, but we’re just getting started,” and thanking employees.