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Apple becomes the first company worth $3 trillion

Tech
January 11, 2022

Apple has made quite a name for itself since it was the foundation in 1975. Apple Inc., an American gadgets manufacturer such as computers, laptops, mobile phones, tablets, and watches. Steve Jobs and Steve Wozniak were two college dropouts that had lifelong dreams of changing people’s lives with their own company-manufactured computers.

Apple I was constructed in Jobs' garage when he was 21 years old. Woznik tried to give the firm where he worked as an intern, the idea he had for Apple I but was rejected. Jobs and Woznik together made a circuit board that was sold without a monitor or keyboard. Apple II was the first computer with colored graphics, and the sales shot up to over a hundred million dollars when apple became public in 1978.

cottonbro/ Pexels | Apple's market cap is larger than the GDP of 25 countries

A groundbreaking milestone

While Apple has broken all records to reach as the first-ever $3 trillion company, they have made quite a recovery from its troubled days in its inception when the company received disappointing revenues and the board dismissed Job for John Sculley, according to some sources Jobs left the job because of the controversy that Sculley brought to the company. Jobs however went on to start his own company NeXT and bought Pixar from George Lucas.

Bernard Goldbach/ Flickr | Steve Jobs was one of the youngest people to make it to the Frobes list of nation's richest people

Apple kept prospering throughout the 80s, mainly because it was following the plans and ideas Jobs had set out for the company before leaving. He had made a deal with Adobe to work together on desktop publishing. Sculley made the mistake of turning down the offer presented by Bill Gates, which started bringing the company uncountable losses and sufferings. Out of desperation the board of directors seeked out Job’s advice and reinstated him as the CEO of the company. He built an alliance with Microsoft, which proved to be a huge turning point for the company and Apple came back into the market.

The iEcosystem

Gabriel Freytez/ pixnio | Apple has solve over 40 million iphones

The i-series started with the release of an I-Mac, then I-Book and I-pods that became a hit worldwide as the best mp3 player. The first iPhone was released in 2007. I-pads convinced buyers by a bigger screen and a better quality of the product.

The IEcosystem is now especially popular for its remarkable camera quality and security provided to users. Apple then started to develop its own apps software, hardware, and content that made its products stand out in the market. For example, iTunes was introduced to transfer media to Mp3 and other apple products, similarly, it also provided users with facetime, a free call to any apple user, using only their contact and a wifi connection and tracker that has proved to help discover many lost phones and locate many people in the state of crisis.

Post-Jobs era

Steve Jobs died in 2011 due to pancreatic cancer, but Apple continued his legacy by hiring Tim Cook as the new CEO. He offered the public new releases such as Apple TV, allowing users to stream premium content, Apple News, Apple Arcade, and even Apple Credit Card. 

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