Today Marks the 45th Anniversary of Apple's Founding
Today marks the 45th anniversary of Apple, co-founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976. Wayne sold his 10% share of the company back to Jobs and Wozniak just 12 days later to avoid financial risk, which is unfortunate in hindsight given that his stake would be worth more than $200 billion today.
Apple's history began in the garage of Jobs' childhood home in Los Altos, California, where he worked with Wozniak to test the first Apple I computer systems in 1975. Jobs then reached a sales agreement with a small computer store named the Byte Shop in nearby Mountain View, California, which began selling the Apple I in July 1976 for $666.66. Wozniak later said he chose that price because he liked repeating digits.
From near-bankruptcy in the late 1990s to becoming the world's most valuable public company by the 2010s, Apple has been through a series of highs and lows over the past four and a half decades. The company has introduced several iconic products over that time, most notably including the Macintosh in 1984, the iPod in 2001, and the iPhone in 2007, with Jobs becoming well known for his charismatic keynote presentations.
Apple CEO Tim Cook reflected on the company's 45th anniversary today on Twitter, sharing a quote from Jobs and thanking employees.
Apple recently capped off its most financially successful year ever with a record $111 billion revenue in the fourth quarter of 2020. The company is now valued at over $2 trillion, and its future is expected to include greater pushes into areas like AR/VR and artificial intelligence as technology continues to evolve beyond screens.
Popular Stories
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. AppleInsider...
Top Rated Comments
It was the combination of the two, with very little Overlap, that made Apple the early success that it was.