• On April 11, 1976, the Apple Computer Company (today known as Apple Inc.) released its first product. Known simply as the Apple Computer, the devices 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 possessions to purchase the materials to build the motherboards 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 boards, 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, monitor, or keyboard, much less the audio and video displays the company later pioneered. 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 hobbyist organization active around Silicon Valley, where Wozniak and Jobs worked.
     
    In 2013, Apple Inc. (still headquartered in Silicon Valley) was a multinational corporation that employed about 800,000 people and earned more than $170 billion in revenue.
  • Term Part of Speech Definition Encyclopedic Entry
    circuit board Noun

    thin plastic or fiberglass board that connects electronic components using conductive tracks, pads and other features etched from laminated copper sheets.

    computer Noun

    device designed to access data, perform prescribed tasks at high speed, and display the results.

    device Noun

    tool or piece of machinery.

    employ Verb

    to hire or use.

    headquarters Noun

    place where an organization or project is chiefly located.

    hobby Noun

    activity pursued for fun and personal fulfillment, not as a job.

    marketing Noun

    art and science of selling a product.

    monitor Noun

    screen used to display an electronic device's video output.

    motherboard Noun

    main circuit board in an electronic device, such as a computer, which may contain sockets that accept additional boards ("daughter-boards").

    multinational corporation Noun

    business that manages the production of goods or delivers services in several countries.

    pioneer Verb

    to lead the way or be among the first to do something.

    possession Noun

    something that is owned.

    purchase Verb

    to buy.

    revenue Noun

    income, or money earned before production costs are subtracted.

    Silicon Valley Noun

    region in central California (mostly Santa Clara County) where the headquarters of many technology companies are located.

    transformer Noun

    device used to transfer electrical energy from one circuit to another, often increasing or decreasing the voltage.

    valuable Adjective

    worth a considerable amount of money or esteem.

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