10 Interesting Facts About Apple Company You Should Know
Apple Inc., founded by Steve Jobs, Steve Wozniak, and Ronald Wayne, is one of the world’s most successful technology companies. Here are ten interesting facts about the company:
1. The First Apple Computer Sold for $666.66
In 1976, the Apple Computer I, which later became known as the Apple I, was introduced. It was sold for $666.66 and had no keyboard, monitor, or casing. The user had to add these components separately.
2. The Macintosh Was Named After a Type of Apple
The Macintosh, introduced in 1984, was named after a type of apple that’s crispy, juicy, and tart. This name was chosen because Steve Jobs thought it was a “friendly” name that would appeal to people.
3. Apple Has Over $200 Billion in Cash Reserves
As of 2021, Apple has over $200 billion in cash reserves, which is more than most countries’ national budgets. This financial stability allows Apple to take calculated risks and invest in innovative projects.
4. Apple Nearly Went Bankrupt in 1997
In 1997, Apple was near bankruptcy and on the verge of being taken over by its competitors. Steve Jobs returned to the company as CEO and turned things around by introducing the iMac and other innovative products.
5. The Apple Logo Has a Hidden Meaning
The iconic Apple logo features an apple with a bite taken out of it. This design was chosen because it’s simple and memorable. However, some people believe the bite is a nod to the story of Adam and Eve in the Bible.
6. Apple Products Are Designed in California but Made in China
While Apple products are designed in California, they are manufactured in China, where labor costs are cheaper. This allows Apple to keep its prices competitive while still maintaining its high standards of quality.
7. Apple Was the First Company to Reach $1 Trillion in Market Value
In 2018, Apple became the first company to reach a market value of $1 trillion. This milestone is a testament to the popularity and success of Apple products.
8. Apple Has a Secret Research and Development Facility
Apple has a secret research and development facility known as the “Innovation Lab.” This lab is where Apple’s engineers design and develop new products and features without outside interference.
9. Apple’s Co-Founder Sold His Share in 1976 for $800
Ronald Wayne, one of the co-founders of Apple, sold his 10% share of the company for $800 in 1976. If he had held onto his share, it would be worth billions of dollars today.
10. Apple Has a Cult Following
Apple has a loyal cult following of customers who are devoted to the brand. These customers are willing to spend more money on Apple products because of their high quality, design, and innovation.
Conclusion
From its humble beginnings with the Apple I to its current status as a global technology giant, Apple has a fascinating history full of interesting facts and achievements. Its corporate culture of innovation and design has set it apart from its competitors and will continue to shape the technological landscape for years to come.
