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Questions about Apple Inc.

Short answers, pulled from the story.

When was Apple Inc. founded and who were the original founders?

Apple Computer Company was founded on the 1st of April 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne as a partnership. Wayne sold his share back to Jobs and Wozniak for $800 just twelve days after co-founding the company. Apple was incorporated on the 3rd of January 1977.

What was Apple's first product?

Apple's first product was the Apple I, a computer designed and hand-built entirely by Steve Wozniak. It was sold as a motherboard with a CPU, RAM, and basic video chips, not as a complete personal computer, and was priced at $666.66.

When did Steve Jobs return to Apple and what did he do?

Jobs returned to Apple after the company acquired NeXT in late 1996 for $400 million, with the acquisition finalized on the 9th of February 1997. He was named interim CEO in July 1997, immediately canceled 70% of Apple's product models, secured a $150-million investment from Microsoft, and oversaw the launches of the iMac, iPod, iPhone, and iPad.

What was the Apple iPhone's debut like and when was it announced?

Steve Jobs announced the iPhone at the Macworld Expo on the 9th of January 2007. Apple sold 270,000 first-generation iPhones in the first 30 hours of sales, and industry commentators described the device as a game changer for the mobile phone industry.

When did Apple become the most valuable publicly traded company?

Apple became the first publicly traded US company to be valued at over $1 trillion in 2018. On the 19th of August 2020, it became the first US company with a market capitalization of $2 trillion. Apple is currently valued at just over $4 trillion.

Who is succeeding Tim Cook as Apple CEO?

John Ternus, the Senior Vice President of Hardware Engineering, will succeed Tim Cook as CEO on the 1st of September 2026. Apple announced the transition on the 20th of April 2026. Cook is slated to become Executive Chairman of the Board.