On August 2, 2018, Apple (AAPL) reached a market capitalisation worth $1 trillion as the world’s first publicly traded company on April 30, 2019, while Microsoft (MSFT) joined Apple’s exclusive club, which exceeded $1 trillion. On January 16, 2020, Alphabet (GOOGL) became a trillion-dollar company, followed by Amazon (AMZN) on February 4.
As expected, the market value of each of these companies will go up and down as prices fluctuate, and maintaining a $1 trillion valuation can be confusing. But the fact that Apple was the first company to exceed $1 trillion is in no small part related to the legacy and lessons learned from Steve Jobs.
On October 5, 2011, Steve Jobs died at the age of 56.2, but had just stepped down from his second position as CEO of Apple, which he co-founded. Jobs is an entrepreneur, and his rising story, along with some very interesting twists, is the story of Apple as a company. In this article, we take a look at some of the lessons that Steve Jobs’s job and the company he founded, Apple, offers potential entrepreneurs.
Steve Jobs and Steve Wozniak founded Apple Inc. in 1977 and first introduced Apple First and Apple 2. Apple went public with Jobs in 1980, and Forouzan Visionary and Wozniak, a shy genius, performed his vision. Executive John Scully was added in 1983. In 1985, the Apple Jobs board ousted the militant in favor of Scully. Away from Apple, Jobs invested in animation producer Pixar, developed and founded NeXT to create high-end computers. NeXT eventually brought him back to Apple. Jobs returned to Apple in the late 1990s and spent years rebuilding the company until his death in 2011, introducing iPods, iPhones and iPads and transforming technology and communications in the process.
Blue Box to Apple
The two were members of the HomeBrew Computer Club and soon be beed obsessed with Kate’s computers and left the blue box behind. The next product we sold was apple first, which was a PCs manufacturing kit. To do something with it, customers had to add their own monitors and keyboards.
With Wozniak doing a lot of building and Jobs handling the sale, the two made enough money from the entertainment market to invest in the second iPad. It was apple 2 that created the company. Jobs and Wozniak have raised enough interest in new products to attract risky investment. This means they are in the big leagues and their company, Apple, will officially be a month shy of 1976.3 22-year-old Steve Jobs and will be a millionaire before his next birthday.
Rollercoaster ride begins
By 1978, Apple had made a profit of $2 million only on apple power. Apple 2 didn’t cut edge, but it allowed computer enthusiasts to create and sell their apps. Some of these user-generated programs include VisiCalc, a type of Excel proto that represents the first software with a business plan.
Apple did not directly benefit from these apps, but they saw more interest as apple 2 expanded usage. This model, which allows users to create and sell their apps, will reappear in the app market in the future, but with a much harder business strategy around it.
By the time Apple was mentioned in 1980, the company’s dynamics were more or less regulated. Steve Jobs was a fierce forward with an intense and often combative management style, and Steve Wozniak was a quiet genius who worked his vision. But Apple’s board didn’t like the company’s power imbalance much. Gap Years
Steve Jobs was rich and unemployed. He didn’t work for Apple but was far from unemployedIn 1986, Jobs bought control of a company called Pixar from George Lucas. The company was struggling, but the ultimate success of digital animation led to its first public offering (IPO), which earned Jobs about $1 billion.
The latter was a return to his old obsession with computers, creating NeXT to create high-end computers. These were expensive machines with platforms that represented the best effort to match Unix’s power with the GUI. When Tim Berners-Lee created the World Web, it did so using a NeXT machine.
Of these two deals, NeXT proved to be the most important deal as it became clear that Apple was considering replacing the operating system. Apple bought NeXT on its operating system in 1996 and returned Steve Jobs to the company he first founded.
Apple’s on track again
When Jobs returned, the company was not in a good place. Apple began to paddle as cheap PCs running Windows flooded the market. Jobs once again sat in the driver’s seat and took drastic steps to roll out Apple’s decline. The company sought and received a $150 million investment from Bill Gates.5.
The NeXT operating system was used to create the iPad, Apple’s first hit computer in a long time. Jobs followed this up with a successful list from the 2001 iPod to the 2010 iPad. It’s been a few years between Apple dominating the smartphone market with the iPhone, opening an e-commerce store on iTunes and setting up a retail store for a brand called What Else. When Jobs resigned as CEO, Apple was scratching with Exxon for the world’s largest market capitalisation.
It’s impossible to put Jobs’ career together in an article, but a few lessons come out. First, innovation matters a lot, but innovative products fail without proper marketing. Second, there is no direct path to success. Jobs soon became rich, but if he didn’t return to Apple in the 1990s, he would be a footnote today. At one point, Jobs was fired from the company he helped because of the difficulty of working together. Instead of changing, he proposes his time and then regains the job, this time his attitude was seen as part of his genius.