Steve Jobs and Apple’s prolonged history in seven fast facts  

By Victoria RooneyTechnologyFOXBusiness

Apple hits $1T market value

Barron's Senior Editor Jack Hough and Wall Street Journal Editorial Page Deputy Director Dan Henninger on Apple.

April 1976 – The Start 

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Apple Computers, Inc. was founded by Steve Jobs and his business partner Steve Wozniak in a Silicon Valley garage.

FILE - In this April 24, 1984 file photo, Steve Jobs, left, chairman of Apple Computers, John Sculley, center, president and CEO, and Steve Wozniak, co-founder of Apple, unveil the new Apple IIc computer in San Francisco, Calif. (AP Photo/Sal Veder,

December 1980 – IPO

Apple goes public, pricing its IPO of 4.6 million shares at $22 per share. Today the stock is hovering at an all-time high trading above $200 per share.

AAPLAPPLE INC.210.36+0.01+0.00%

September 1985 – Jobs pushed out

Jobs leaves Apple after losing a power struggle with then CEO John Sculley, who he helped recruit from Pepsi.

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November 1995 – Pixar windfall

Jobs becomes a billionaire when animation studio Pixar, which Apple acquired, goes public. In 2006, The Walt Disney company purchased the studio for over $7 billion. Today, ‘The Laurene Powell Jobs Trust’, named for his wife, is Disney’s third largest shareholder.


September 1997 – Jobs returns

Jobs returns to Apple as the company flounders against rivals including Microsoft as the tech boom is taking off.

MSFTMICROSOFT CORP.137.26-1.15-0.83%

Apple Senior Vice President of Worldwide Marketing, Phil Schiller, introduces the iPhone x during a launch event in Cupertino, California, U.S. September 12, 2017. REUTERS/Stephen Lam

January 2007 – iPhone is born

The very first iPhone is unveiled to the public. iPhone sales account for at least 60% of Apple’s annual revenue, according to Statista. Today the iPhone X (10) is the latest generation of the device and it retails for around $1,000.

August 2018 - $1 trillion mark

Apple, now run by CEO Tim Cook,  is the world’s most valuable company with a market value that briefly reached $1 trillion on Thursday. It has $243.7 billion cash on hand, the most of any Fortune 500 company. A $1 trillion market cap value, approximately equates to the combined net worth of 21 members of Forbes 2017 list of the World's Billionaires.

Sources: Cult of Mac, Forbes, Statista