April 1, 1976: This day is a significant event in the history of Apple, as the three co-founders Steve Jobs, Siven Wozniak and Ron Wayne open a new company, Apple Computer, with the goal of implementing their first brainchild – the Apple-1 personal computer. Wozniak is the actual technical designer of the device, Wayne designs the original Apple logo, and Jobs takes care of the product’s marketing and implementation, priced at $666.
At first, Wozniak considered working on the Apple-1 a kind of hobby and created a new computer, only to demonstrate it to like-minded people from the Homebrew club. His goal was to make a very simple and affordable computer, with just a few chips, that would fully function and be able to program.
The beginning of a big breakthrough in the world of computer technology
Jobs convinced Wozniak that there was good business in making computers, and that he should be in the business of selling Apple-1s, rather than giving away computer designs for free to everyone in the Homebrew club. This idea formed the basis for a joint collaboration between Jobs, Woz and Wayne, who previously worked at a computer game company.
Jobs and Wozniak were the main instigators of the creation of Apple Computer, having received equal shares of 45%, Wayne owned 10%. Lacking confidence in the company’s future, Wayne decides to cash out his $800 worth of stock less than a few weeks after Apple was founded.
In early 1977, Apple prepares to release its Apple II, which has become a real breakthrough in the world of computer technology and seeks to enter the stock market to attract venture capital funding. When Apple goes public in 1980, Wozniak and Jobs instantly become multimillionaires.
Today, the total capitalization of Apple can reach $3 trillion, even with the recent drop in share prices caused by the coronavirus pandemic.
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