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11-Apr-2020 04:07 by 6 Comments

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While early Apple II models used ordinary cassette tapes as storage devices, they were superseded by the introduction of a ​ The Apple II was chosen to be the desktop platform for the first "killer app" of the business world: Visi Calc, a spreadsheet program.Visi Calc created a business market for the Apple II and gave home users an additional reason to buy an Apple II: compatibility with the office.

Xerox granted Apple engineers three days of access to the PARC facilities in return for the option to buy 100,000 shares (800,000 split-adjusted shares) of Apple at the pre-IPO price of a share.

However, the high price tag of its products and limited software titles caused problems, as did power struggles between executives at the company.

Jobs resigned from Apple and created his own company, Ne XT.

is an American multinational technology company headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and online services.

The company's hardware products include the i Phone smartphone, the i Pad tablet computer, the Mac personal computer, the i Pod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, and the Home Pod smart speaker.

Apple is the world's largest information technology company by revenue and the world's second-largest mobile phone manufacturer after Samsung. The company enjoys a high level of brand loyalty and has been repeatedly ranked as the world's most valuable brand.

However, it receives significant criticism regarding the labor practices of its contractors, its environmental and business practices, including anti-competitive behavior, as well as the origins of source materials.

A race broke out between the Lisa team and the Macintosh team over which product would ship first.

Lisa won the race in 1983 and became the first personal computer sold to the public with a GUI, but was a commercial failure due to its high price tag and limited software titles.

As the market for personal computers increased, Apple's computers saw diminishing sales due to lower-priced products from competitors, in particular those offered with the Microsoft Windows operating system.

More executive job shuffles happened at Apple until then-CEO Gil Amelio in 1997 decided to buy Ne XT to bring Jobs back.

In 1985, a power struggle developed between Jobs and CEO John Sculley, who had been hired two years earlier.

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