Apple company’s full name is Apple Computer, Inc. The Apple company was founded on April 1, 1976, by college dropouts Steve Jobs and Steve Wozniak. The company was founded out of a garage and aimed to create transportable user-friendly computers. Additionally, the unique company’s name is due to one of the founders, Steve jobs.
The History of Apple Company’s Name
Jobs admitted to Walter Isaacson, the author of the biography of Steve Jobs, that he was currently following one of his fruitarian diets. He was returning from an apple farm when he thought of the name for the business that would forever change his life. After that trip, Wozniak drove Jobs back from the airport and claimed that it was during that journey at an “apple orchard” that the firm name was created. According to his biography, Jobs came up with the name “Apple Computer” and believed it to sound “fun, energetic, and not intimidating”—all crucial qualities for a business that aimed to transform computing and make it far more approachable.
Apple Company’s CEO and Founders
Steve Jobs is more famously associated with Apple Computer, inc. However, he is not the sole founder nor CEO. In the beginning, Jobs and Wozniak constructed the Apple I in Jobs’ garage and sold them without a monitor, keyboard, or case. The Apple II introduced the first color graphics, which completely changed the computer industry. Sales increased dramatically between 1978 and 1980, when the Apple business went public, from $7.8 million to $117 million.
The other less-known founder of apple, Wozniak, departed the company in 1983 due to his declining interest in Apple Computers’ daily operations. John Sculley from PepsiCo was then appointed by Jobs as president. This strategy, nevertheless, backfired, and in 1985, Jobs resigned and moved on to larger and better things after considerable squabbling with Sculley. He established his own business, NeXT Software, and acquired Pixar from George Lucas, which would go on to have great success in the animation industry.
Years later, in 1997, the Apple business needed an operating system. The company reached out to Steve Jobs and acquired Jobs’ company NeXT Software and rehired him. Jobs assumed the title of interim CEO, or iCEO, for short until 2000 when he became Apple’s CEO of the company. It was not till August 24, 2011, six weeks before his death, he announced his resignation as Apple’s CEO. Today, Apple’s CEO is Tim Cook. With Tim Cook as its CEO, Apple carries on with Steve Jobs’s legacy. However, Apple’s owners are a multitude of shareholders as it is a public company. Additionally, Apple became the first corporation valued at one trillion dollars in 2018 thanks to the success of its iPhones, and two years later it doubled that amount.
Apple Company’s Success
Apple Computer, Inc. is amongst the top 10 companies in the world. Additionally, as of 2022, Apple’s market capitalization is worth 2.50 trillion USD. This makes it the most valuable business in the entire world. However, in terms of revenue, Apple is not number one. Apple ranks number five, right after the oil and gas company, PetroChina.
