The Apple Computer Company is incorporated by Steve Jobs, Steve Wozniak and Ron Wayne on April 1, 1976.
The original Apple Computer, also known retroactively as the Apple I, or Apple-1, is the personal computer released by the Apple Computer Company on April 11, 1976 with an introductory sales price of $666.66.
The Apple I was designed and hand-built by Steve Wozniak.
Wozniak’s friend Steve Jobs came up with the idea of selling the computer.
Wozniak calculated that laying out his design would cost $1,000 and parts would cost another $20 per computer; he hoped to recoup his costs if 50 people bought his design for $40 each.
In order to finance the manufacture of the first Apple I, Steve Jobs sold his only means of transportation, a VW Microbus, and Steve Wozniak sold his HP-65 calculator for $500.
Then Steve Jobs used the first Apple I for sales demonstrations and obtained an order from a local computer store for 50 computers at $500 each.
To fulfill the $50,000 order, they obtained $20,000 in parts with terms of 30 days net and delivered the finished Apple I product in only 10 days.
A total of about 200 Apple I units were produced and all but 25 were sold during the remainder of 1976.
As of 2013, at least 61 Apple I computers were documented to exist (plus an indefinite number of possible unreported cases). Only six have been verified to be in working condition.
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