On April 11, 1976, the Apple Computer Company (today known as Apple Inc.) released its first product. Known simply as the Apple Computer
, the device
s were sold for $666.66. In 2013, an original Apple Computer sold for $390,000.
The Apple Computer was designed by Apple co-founder Steve Wozniak, with marketing
by co-founder Steve Jobs. Both men sold their most valuable possession
s to purchase
the materials to build the motherboard
s for their first 50 computers. Wozniak remembers “To come up with the $1,000 we thought we’d need to build ready-made printed circuit board
s, I sold my HP 65 calculator for $500. The guy who bought it only paid me half, though, and never paid me the rest. And Steve sold his VW van for another few hundred (dollars). He figured he could ride around [on] his bicycle if he had to. That was it. We were in business.”
The Apple Computer (now known as the Apple-1) was pure circuitry—it came without a transformer
, or keyboard, much less the audio and video displays the company later pioneer
ed. Each Apple-1 was hand-built by Wozniak, working out of the young company’s headquarters
—Jobs’ parents’ garage. The Apple-1 was originally released to the Homebrew Computer Club, a hobby
ist organization active around Silicon Valley
, where Wozniak and Jobs worked.
In 2016, Apple Inc. (still headquartered in Silicon Valley) was a multinational corporation that employed about 115,000 people with a total market value of $529.3 billion.