Story Highlights
- Historical event:
- 1 April 1976
- Apple was launched by a 20-year-old Steve Jobs on this day, after he left college after his first year. He and his friend had a business idea to build and sell computers.
On this day, in modest conditions, the company Apple was created. It was the result of the incredible entrepreneurial spirit of Steve Jobs, and his persistence.
Namely, it was the time of the first microprocessors and personal computers. Twenty-year-old Jobs, who had recently left college after his first year, had the idea to build and sell computers with a friend.
He came to the owner of one of the first local personal computers stores, called “The Byte Shop” with his idea. The owner confirmed that he will buy computers from Jobs, but only fully assembled. He even went a step further, assuring Jobs that he would buy 50 computers, at $ 500 each, paying cash on delivery. Jobs went to the electronic parts distributor and ordered the components, seeking a 30 day postponement of payment.
Jobs and his friend Steve Wozniak (of Polish descent) worked hard on the assembly and testing of the computer. They named the constructed computer Apple I. They worked day and night in Jobs’ bedroom and garage to deliver computers on time so they could pay for the parts. For the purpose of selling these computers, they founded the company called Apple Computers.
The business got going and they were able to produce as many as 200 Apple I computers. In the early days, some sacrifices were necessary. So Jobs sold his Volkswagen van and Wozniak his HP-65 calculator to get the money for parts. However, they soon became millionaires.
