Apple Inc. Founded: The Tech Revolution Begins
Three men signed incorporation papers on April 1, 1976. Ronald Wayne, the forgotten third founder, drew the company's first logo and wrote the partnership agreement, then sold his 10% stake twelve days later for $800. That share would be worth over $300 billion today. Jobs was 21, Wozniak 25. Their first product, the Apple I, was a bare circuit board that customers had to supply their own case, keyboard, and display for. They built 200 units in the Jobs family garage, selling them to hobbyists for $666.66 each. The company grossed $174,000 its first year. Within four years Apple would complete the most successful IPO since Ford Motor Company.
April 1, 1976
50 years ago
Key Figures & Places
What Else Happened on April 1
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