Incorporation of Apple Computer, Inc.

Apple Computer, Inc. was incorporated in Cupertino, California, following its founding by Steve Jobs, Steve Wozniak, and Ronald Wayne. Wayne, however, left the company shortly after its inception, selling his share back to Jobs and Wozniak for $800. The incorporation marked a pivotal transition for the company, allowing it to formalize its operations and pursue growth more aggressively. Mike Markkula, a multimillionaire, played a crucial role during this period by providing both business expertise and a significant financial investment of $250,000. This funding was instrumental in establishing the company's infrastructure and supporting its early product development efforts. In the years following its incorporation, Apple experienced rapid growth, with revenue doubling approximately every four months. This remarkable expansion was driven by the success of its initial products, particularly the Apple I, which was designed and hand-built by Wozniak. The company's innovative approach to personal computing and its focus on user-friendly design set it apart from competitors. As Apple continued to develop new products and refine its business model, it laid the groundwork for becoming a leader in the technology industry, ultimately influencing the way consumers interact with computers and technology.