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Apple Inc. Founded

September 7, 1976
Apple Inc. Founded

On April Fools’ Day, Apple Computer Company is founded in a residential garage by Steve Jobs and Stephen Wozniak, both college drop-outs. Fearing financial ruin, the third co-founder—Ronald Wayne—relinquishes his 10 percent stake in the partnership for only $800 less than two weeks later. Honorable Mention Markkula Writes Business Plan: In November, chip industry veteran Mike Markkula helps Jobs write a business plan, predicting sales of $500 million in 10 years.

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1977: Apple II Introduced

April 21, 1977
1977: Apple II Introduced

In contrast to the $666 Apple I, a kit computer with limited appeal, the $1,298 Apple II is the first personal computer designed for the mass market, thanks to its attractive low-slung case that was complete with standard keyboard, power supply, and color graphics capability. Honorable Mention Scott Named President: Markkula’s former Fairchild Semiconductor co-worker Michael Scott brings professional management and corporate infrastructure to Apple.

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Apple Disk II Introduced

August 22, 1978
Apple Disk II Introduced

The Apple Disk II external drive stores 110K on 5.25-inch floppy disks. At $495, Woz’s creation is half as expensive as competitive floppy drives, and much more reliable than cassette tape storage systems. Honorable Mention Apple III Project Starts: Anxious for a follow-up hit to the popular Apple II, Apple launches the ill-fated Apple III project with engineer Wendell Sander at the helm.

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