Evolution of Apple

Introduction

We all have heard about the company Apple. First founded by Steve Jobs and Steve Wozniak, Apple inc. is an American multinational technology company. Having its headquarters in Cupertino, California, which designs everything from a small microchip to our modern-day MacBook.

Apple, as we know today is a huge company, which runs internationally. It has some pretty big links to almost all of the countries. But, actually, even a huge company like Apple got off to a small start. On April 1, 1976, the apple company was introduced to the world. It was believed, that in 1976, Apple was co-founded by Steve Jobs in his parent’s house’s garage, Though Jobs says that it’s a myth. The company’s first product is the Apple 1, which is a computer. It was entirely designed and built by Wozniak. However, it didn’t gain much popularity as a computer. That was because it lacked basic features such as a keyboard, monitor and case. In fact, it was just sold as a motherboard. Despite the first failure, Wozniak presented the Apple 2 before the public. The Apple 2 had much much better features than Apple 1 and got a much better reaction. So, it sold more quickly. The success of Apple 2 didn’t stop. By the end of the 1970s, Apple had a staff of computer
designers and a production line. In May 1980, Apple 3 was made and received a huge amount of customers. It only took a matter of months for Apple’s fame to spread. It was well known. Suddenly, Apple products were a hit. Countries wanted their products. This is how Apple made links with other countries for selling their products.

More and more workers joined the company. It became larger. Its business increased. However, the cost was increasing day by day. Apple kept losing its financial business. Apple lost considerable market share to the lower-priced duopoly of Microsoft Windows on Intel PC Clones. This led Jobs to be fired. However, New CEO Gil Amelio reshaped it with layoffs, executive restructuring, and product focus. He led Apple to buy NeXT in 1997, solving a failed operating system strategy and bringing Jobs back.

In September 1997, Jobs became the new CEO of Apple. He released the new technological hits of that time: An iMac, which is a series of Macintosh computers, and the iPod, which is a flat touchscreen device. It opened a retail chain of Apple stores in 2001. It was a real success for Apple that year.

In 2007, Apple released its first iPhone. It was a very revolutionary product. It was laughed off by Steve Ballmer of Microsoft, who remarked that there was no way that iPhone will gain market share as it was an expensive phone without a keyboard. But it proved him wrong. Preparations for iPhone 2 were made. In 2007, Apple was renamed Apple inc. In August 2011, Jobs resigned as CEO due to health complications, and Tim Crook became the new CEO. Sadly, two months later, On October 5, 2011, Steve Jobs died, marking the end of an era for Apple. Apple’s worldwide annual revenue totaled $274.5 billion for the 2020 Fiscal year. Its business expanded. It became one of the world’s
largest and successful business chain.

Apple stores opened up everywhere. It became the world’s largest technology appliance store. In these recent years, everything that Apple produces – MacBooks, iPhones, iPads, Apple TV, Apple Home pods, Apple Watch and even Apple Credit Card – are all selling out in no time. This is one of the most successful business company of our time, which had started off from a garage. On July 27, 2017, Apple discontinued the iconic iPod Nano and iPod Shuffle lines of devices.

Some Facts About Apple

• Apple is the richest Technology Company.
• In February 2018, Apple was reported to be in talks with miners to buy Cobalt directly from them.
• On August 4, 2020, as it was reported by Axios that Apple had “serious interest” in buying Tik Tok.
• On August 19, 2020, Apple’s share price briefly topped $467.77, making Apple the first US company with a market capitalization of $2 trillion.
• On September 2, 2020, Apple announced upcoming features of IOS to be introduced later
  this year, allowing developers to offer customers free or discounted subscription codes called “offer codes”.
• The Newton was Apple’s first PDA.
• In August 1997, Jobs informed that Apple would join Microsoft to release a new line of
  Macintoshes
•  On January 6, 2011, Apple opened its first Mac App Store.
• On August 24, 2011, Jobs resigned from his position as CEO of Apple.
• In the first quarter of 2014, Apple reported sales of 51 million iPhones and 26 million iPads, becoming all-time quarterly sales records.

Conclusion

This is how Apple started off from a small garage to become a huge business firm. Despite the previous failures of the company, its creators Steve Jobs and Steve Wozniak tried harder and harder till they succeeded in life. Without their efforts, iPhones, MacBooks, etc would not be here today. Though their names are the same, the combined different qualities of Steve Jobs and Steve Wozniak made Apple a truly special company.

Thank You

BY:

Malyatha