By Stephanie Aaronson and Aaron TilleyApple Computers was formed in 1976 by Steve Wozniak, Steve Jobs and Ronald Wayne. Wozniak and Jobs hold the Apple I, the first computer the company released.Apple went public in 1980, the same year as the release of the Apple III computer, shown here. The company initially sold 4.6 million shares at $22 apiece; it now has about 15.7 billion shares that trade around $190 each.John Sculley took over as CEO from 1983-1993.
Sales of the product represented more than half of the company's revenue in fiscal 2022, and it casts a shadow over Apple's other products.Steve Jobs stepped down from Apple in August 2011, handing the company over to Tim Cook. Jobs died two months later at the age of 56 from a rare form of pancreatic cancer.The Apple Watch, released in 2015, was the first new product introduced in the post-Jobs era.