Apple Computer - Steve Jobs' Success Story

"We started out to get a computer in the hands ofnetworking capabilities, not to mention only a small
everyday people, and we succeeded beyond ourcapacity for memory, corporations were not
wildest dreams."interested. In 1985, without any power in his own
- Steve Jobs, Co-Founder of Apple Computer Inc.,company, Jobs sold his stock in Apple and resigned.
1976.Later in 1985, Jobs began NeXT Computer Co. with
Steve Jobs was adopted to a family in Mountainthe money he'd made from the sale of his stock in
View, California. While still in high school, Jobs interestApple. He planned to build a computer to change the
in electronics prompted him to call William Hewlett ofway research was done. The NeXT computer,
Hewlett-Packard to ask for some parts for a schoolthough complete with processing speeds previously
project. Hewlett provided the parts and then madeunseen, unmatched graphics, and an optical disk drive,
an offer to Jobs to intern at Hewlett-Packard for aat $9,950 each, sold poorly.
summer. There, Jobs met Steve Wozniak, a talentedPersistent after the failures of the NeXT venture,
and knowledgeable engineer five years older than theJobs began toying with software and started to
high school student. Their friendship would eventuallyfocus his attention on a company he'd bought from
be the foundation on which Apple was built.George Lucas in 1986, Pixar Animation Studios. Jobs
Jobs dropped out of Reed College after onesigned a three-picture deal with Disney, and began
semester and went to work for Atari designingworking on the first computer-animated feature.
games. He carefully saved the money he earnedReleased in the fall of 1995, it had taken "Toy Story"
while working at Atari so that he could take a trip tofour years to be made. But the work had been well
India and sate his bourgeoning interest in theworth it, the film was an incredible success. Pixar
spiritualism of the East.went public in 1996, and in one day of trading, Jobs
After returning home from India, Jobs and Wozniak80% share had become worth $1 billion.
renewed their friendship. Jobs was shown a smallApple was struggling, having failed to design a new
computer that Wozniak had been working on as aMacintosh operating system, and the company only
hobby, but Jobs saw its potential immediately andheld 5% of the PC market. Days after Pixar went
persuaded Wozniak to go into business with him. Inpublic, Apple bought NeXT for $400 million and
1975, at the age of 20, Jobs went to work in hisrenamed Jobs to the board of directors to advise
parents' garage with Wozniak working on the Apple IGilbert F. Amelio, the chairman and CEO. However, in
prototype.March of 1997, Apple recorded a quarterly loss of
The Apple I sold modestly, but well enough to be$708 million, and Amelio resigned a few months later.
able to go to work on the Apple II. In 1977, the newJobs was left in charge as interim CEO and it was up
model was put on sale. With a keyboard, colourto him to keep the same company he had started
monitors and user-friendly software, Apple became aand which had ousted him alive. So he made a deal
success. The company made $3 million in their firstwith Microsoft. With an investment $150 million for a
year and had surpassed $200 million in their third.small stake in Apple, Apple and Microsoft would
However, in addition to the Apple III and its"cooperate on several sales and technology fronts",
successor the LISA not selling as well as had beenand Apple would be assured their continuation in the
hoped and a marked increase in competition in thePC market.
sale of PCs, 1980 saw Apple lose almost half of itsJobs also went to work improving the quality of the
sales to IBM. Things got worse for Jobs in 1983Apple computers. The introduction of the G3 Power
when a fight with the directors got him kicked offPC microprocessor made the Apple faster than those
the board by the CEO, John Sculley, whom Jobscomputers operating on Pentium processors. Apple
himself had hired.also turned its energies toward producing an
In 1984, as a response to the sharp decline in sales,inexpensive desktop, the iMac, that was another hit
Jobs released the Apple Macintosh which introducedfor the company. With Jobs once again in control,
the world to the point-and-click simplicity of theApple was able to quickly turn itself around, and by
mouse. The marketing for the Mac was handledthe end of 1998, was bringing in $5.9 billion in sales.
poorly and with a price tag of $2,500, it was notJobs had returned to his first love, a little older and a
finding its way into the homes for which it had beenlittle wiser. He had made Apple healthy again and
designed. Jobs tried to repackage the Mac as areturned it to a place where it was contributing new
business computer, but without a hard-drive orand innovative technologies to the computer world.