Friday, February 11, 2011

How it all started... (Part 1)

So, in case some of you are a bit hazy on the founding of Apple, here's a brief summary on their history.

Apple was established by today's CEO and co-founder, Steve Jobs, on April 1st, 1976. Its other founders were Steve Wozniak and Ronald Wayne. Because Wayne and Jobs were very young at the time, without much financial backup, Wayne owned 10% of the firm as he was older and had assets to support the innovation processes, yet he was scared to invest, so he sold his shares back to Wozniak and Jobs, who then owned the company with a 50-50 share.  If Wayne wouldn't have sold his shares back, his shares would have been worth $3 million today, which he, back then, sold for $800. 
In the article "The History of Apple, Inc.", it states that those customers that are loyal to Apple electronics tend to be enthusiastic about their experience with the company's gadgets, whereas non-Apple users find these products to be overpriced. Being an Apple user myself, I would have to agree with this statement as I'm always excited and loyal to their new iPod releases, and I'm also leaning towards buying a Macbook.

Apple experienced many failures the first 20 years, including many changes in the firm. This is a topic to be continued in my next blog...

Source:
Dougherty, Michael. "A Brief History of Apple, Inc." Find Health, Education, Science & Technology Articles, Reviews, How-To and Tech Tips At Bright Hub - Apply To Be A Writer Today! 25 May 2010. Web. 09 Feb. 2011. <http://www.brighthub.com/computing/mac-platform/articles/65346.aspx>.

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