Record-Breaking Auction Sale: First Edition iPhone Fetches $190,000 – Over 300 times its 2007 Launch Price of $599

1976: Apple was founded on April 1, 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Their initial venture involved selling computer kits to hobbyists. The kits were assembled by Wozniak.

The first product introduced by Apple was the Apple I.

1977: In June, Apple released the Apple II, which became the first mass-market personal computer.

Steve Jobs unveils Apple Computer Corporation's new Macintosh February 6, 1984 in California.

Steve Jobs unveils Apple Computer Corporation’s new Macintosh February 6, 1984 in California.

1981: Jobs assumed the role of chairman.

1984: The Macintosh was introduced during a Super Bowl ad break and later officially unveiled at a launch event. It was discontinued the following year, and Jobs left the company.

1987: Apple released the Macintosh II, the first color Mac.

1997: Apple announced the acquisition of NeXT software in a $400 million deal, leading to Jobs’ return as interim CEO. He officially took on the role in 2000.

The then Chief Executive Officer of Apple, Steve Jobs, with the iPhone

The then Chief Executive Officer of Apple, Steve Jobs, with the iPhone

2001: Apple introduced iTunes, OS X, and the first-generation iPod.

The initial iPod MP3 music player was released on October 23, 2001, at an event in Cupertino. It had a capacity of up to 1,000 songs.

2007: Apple unveiled the iPhone.

2010: The first iPad was unveiled.

2011: Jobs resigned as CEO in 2011 due to illness, handing over the position to Tim Cook. Jobs passed away in October of that year, succumbing to pancreatic cancer.

2014: Apple introduced the Apple Watch and unveiled the larger iPhone 6 and 6 Plus models.

2015: After acquiring Beats from Dr Dre, Apple launched Apple Music to compete with other music streaming services, such as Spotify.

2016: Apple announced the 4-inch iPhone SE and faced a legal battle with the FBI over unlocking the phone used by Syed Farook, a perpetrator in the San Bernardino attack. The court dropped the order after the FBI found a third party to unlock the device.

2017: Apple introduced the iPhone X, featuring an edge-to-edge screen design and facial recognition technology (FaceID).

Apple CEO Steve Jobs speaks at an Apple event at Apple headquarters in Cupertino, Calif.

Apple CEO Steve Jobs speaks at an Apple event at Apple headquarters in Cupertino, Calif.

2018

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