Early Apple Returning to Apple
As many people know, Apple was started in Steve Jobs' parents garage, but before that, Jobs and Wozniak joined the ,"Homebrew Computer Club", to share their prototypes and get advice from other hobbyist. When they first started the company they called it, Apple Computer, because of the summer jobs they had picking apples in orchards and they were huge beetle fans. Their first products were mainly circuit boards and the first computer their company made was called the Apple 2. In the early 80's Jobs created the Apple Lisa and named it after his daughter, and a year later and Apple employee named Jeff Raskin created the first Macintosh computer. While growing his business he brought in former Pepsi CEO and personal friend, John Sculley to help him run his maturing business. After a year at the company Jobs and Sculley's relationship soon deteriorated into competitive hatred. Jobs soon was stressing his workers and the board members so much, that in 1985 Sculley called a board meeting to get rid of Jobs' managerial powers, and the board members sided with him. Jobs wasn't fired from Apple at that point but he had no power and was being excluded from the rest of the company. Five months later he resigned from Apple and decided to start a new company.
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In 1996 Apple bought out NeXT computer, making Jobs the interim CEO, and when he took his position as head of the company,Jobs wanted to make the company profitable again. Jobs terminated many projects, changed licensing deals, and brought in the ideas from his old company to Apple. Sales were rapidly increasing at the introduction of the iMac, iPod, and the iPhone, making Apple a leading competitor in the electronics industry. By the time Jobs resigned in 2011, the cash reserves for Apple increased over 70 Billion dollars, the capital market was increased by 340 billion dollars, and Apple shares were increased from $14 a share to $1,500.
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