Rare photo of Steve Jobs and Steve Wozniak in 1980
Today is the 37th anniversary of Apple’s IPO.
- Apple Computer, Inc. was founded in 1976 and went public on December 12, 1980.
- Led by Steve Jobs, Chairman of the Board (age 25 at IPO); Michael Scott, CEO (age 35); Steve Wozniak, head of R&D (age 30).
- Company sold 4.6 million shares at $22/share, raising $101.2m.
- AAPL traded up 32% during its first trading day and closed with a $1.8B market cap.
- Since the close of trading on the day of the IPO, shares of AAPL are up over 49,000% ($1.8B to $887B).
- Apple did $118m of revenue in 1980, and is expected to reach $240B in 2017.
- Product line consisted of the Apple II Plus, the Apple III computer (predating the mouse or a GUI), Monitor II and Monitor III, the Disk III disc drive and, surprisingly, the Modem IIB for peer-to-peer networking.
Pictured is the Apple III computer and the Monitor III
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