Apple celebrates 50th anniversary/ The company currently has a market value of approximately 3.8 trillion USD
Apple celebrates its 50th anniversary on April 1, 2026, marking five decades since its founding by Steve Jobs and Steve Wozniak in 1976. Apple changed the course of personal computing and then revolutionized the mobile market with the iPhone, which was once called the "Jesus phone" because of its quasi-religious following.
The company began as a bold startup in a garage at Steve Jobs' parents' house in Los Altos, California, where its founders built the first computers in 1976. A college dropout, Jobs traveled through India in search of spiritual guidance before founding Apple - a name he suggested to his friend Wozniak after a visit to a commune in Oregon that he called an "apple orchard".
Jobs was ousted from the company in the mid-1980s after a power struggle with then-CEO John Sculley. Following disappointing Macintosh sales and internal clashes over strategy and management style, Apple's board in 1985 stripped Jobs of his operating responsibilities. Jobs resigned later that year, leaving the company he had helped found before returning more than a decade later to lead its revival.
Jobs reinvented the world of technology four or five times, first with the Apple II, a personal computer, in the 1970s; then in the 1980s with the Macintosh, which was controlled by a mouse and featured a clean screen that made computing attractive. The ubiquitous iPod debuted in 2001, the iPhone in 2007, and in 2010 the iPad, which surpassed the Mac in sales a year after its introduction.
Jobs died on October 5, 2011, at the age of 56, after a long battle with pancreatic cancer.
Tim Cook, Apple's chief operating officer and a company veteran since the late 1990s, succeeded Jobs as CEO in August 2011. Cook oversaw Apple's expansion into new businesses, including services, wearables, and subscriptions, while significantly increasing revenue and profits. Under his leadership, Apple expanded its focus on the global supply chain, emphasized shareholder returns and sustainability, and became the first American company to reach a market value of $1 trillion, later surpassing $3 trillion.
As of the end of March 2026, Apple has a market value of approximately $3.6–3.8 trillion, placing it among the most valuable public companies globally.
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