Steve Jobs founded Apple in 1976 with Steve Wozniak. Ronald Gerald Wayne became a third partner. It was Steve Jobs who thought the name of Apple for the new company.
The three formally filed the partnership papers for Apple Computer Company in April Fool’s Day 1976. Wayne withdrew from Apple Computer only two weeks after the company was formed, unwilling to take what he thought were considerable risks with new company.
Steve and Wozniak set up shop in the garage of the Job’s family house in Los Altos, California. Wozniak had been working on combining video monitors with computers, The idea was to invent a user friendly computer that ordinary consumers could buy. They began to build a computer and they named their first machine the Apple I.
Over the years, Apple I computers have become highly collectible relics.
At that time Steve was 21 years old and Steve Wozniak was 26. Together they pioneered the personal computer and made a permanent and indelible mark on the computer industry.
On December 12, 1980, Apple became a public company. On the first day of trading, its share price increased from an initial $22 to $29.
By 2007, Apple controlled more than 70% of the digital music market and its net income was $3.5 billion.
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