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Tag: Steve Jobs

  • Steve Jobs Success Story: Apple Founder’s Journey from Rags to Riches

    Apple is the biggest name in the technological industry. With many amazing products, Apple has very few competitors. Well, the man behind the success and rise of the company is Steve Jobs.

    He is regarded as one of the greatest entrepreneurs of all time and is an inspiration for many. Under his leadership, the company started to produce revolutionary technologies, some of the most famous products are the iPhone and iPad. Due to the success of the company, the products are a symbol of economical status in the present generation.

    Now the question arises who made Apple the brand it is known for today? And how did Steve Jobs become successful? Steve Jobs entrepreneur story is a powerful example of innovation, resilience, and transforming the tech industry through vision and creativity. Read on to know more about the success story of Steve Jobs.

    Steve Jobs Information

    Name Steve Jobs
    Born 24 February 1955, San Francisco, California, United States
    Died 5 October 2011, Palo Alto, California, United States
    Citizenship American
    Education Reed College, Portland, Oregon
    Title Co-founder, Chairman, and CEO of Apple Inc.
    Occupation Entrepreneur, Industrial designer, Investor, Media proprietor
    Board of member The Walt Disney Company, Apple Inc.
    Net Worth $10 billion (2011)

    Who is Steve Jobs?
    Steve Jobs – Early Days
    Steve Jobs – How Did He Start Apple
    Steve Jobs – Founding NeXT, Returning to Apple, and Pixar
    Steve Jobs – Philanthropy
    Steve Jobs – Quotes

    Who is Steve Jobs?

    Steve Jobs was an American inventor and entrepreneur who was the co-founder, chief executive, and chairman of Apple computers which became the biggest name in the technology sector.

    The company’s product has dictated the evolution of modern technology. Steve was born in 1995 to two University of Wisconsin graduate students who gave him up for adoption.

    Since his childhood, Steve was smart but directionless. He had dropped out of college and started off experimenting with different sectors before co-founding Apple with Steve Wozniak in 1976. After that, Jobs left the company in 1985 and launched Pixar Animation Studios. Later on, after a decade, Jobs returned to the company.

    Steve Jobs Success Story

    Steve Jobs – Early Days

    Steve was born on February 24, 1955, in San Francisco, California. He lived in Mountain View, California, this place was later renamed the Silicon Valley. During his childhood, Jobs and his father worked on electronic equipment in the family garage. His father used to demonstrate to him how to take apart and reconstruct electronics. This hobby instilled confidence, tenacity, and mechanical prowess in Jobs. Therefore, the path to excellence started to off from his family’s garage.

    Jobs was always an intelligent and innovative thinker since his childhood. However, his youth was struck in the quicksand of formal schooling education. Due to the boredom, he was a prankster during his days in elementary school, and hence, his fourth-grade teacher needed to bribe him to study. He tested so well that the administrators wanted him to skip ahead to high school. However, his parents declined that offer.

    Post high school, Steve enrolled at Reed College in Portland, Oregon. There too, he was frustrated and dropped out of college and spent the next year and a half dropping in on creative classes at the school. He had developed a love of typography during his struggling days.

    In 1974, Jobs took over the job of a video game designer with Atari. A few months later, he left the company and travelled to India.

    Steve Jobs Journey to Success
    Job Application – Steve Jobs (Aged 18)

    Steve Jobs – How Did He Start Apple

    During the days when Jobs was enrolled at Homestead High School, he was introduced to Steve Wozniak. Later on, the duo co-founded Apple. During an interview, Wozniak has stated that their partnership was successful because of their love for electronics.

    They used to work for hours with digital chips, and very few had an idea about chips during that time. Although Wozniak had designed many computers before Jobs did, both of them shared a common interest that fueled their journey to success.

    Steve Jobs with Steve Wozniak
    Steve Jobs with Steve Wozniak

    The start of their entrepreneurial venture was in 1976 when Jobs and Wozniak started a company named Apple Computer. The first headquarters of the company was at Jobs’s family garage. Initially, they funded their entrepreneurial venture by Jobs selling his beloved bus and Wozniak selling his scientific calculator.

    Later on, the duo is credited with revolutionizing the computer industry with their company by democratizing the technology and making machines smaller, cheaper, and more accessible to everyday customers.

    Wozniak had conceived of a series of user-friendly personal computers, and with Jobs in charge of the marketing sector of the company, they marketed the computer for $666.66 each. The Apple I earned the venture around $774,000! After three years of Apple’s second model, the Apple II, the company’s sales increased by 700 percent to $139 million.

    In 1980, the product became a publicly-traded company and comprised a value of $1.2 billion by the end of the first day of trading. Alter on, Jobs asked the marketing expert John Sculley of Pepsi-Cola to accept the role of CEO of Apple. However, the next several products of the company experienced negative feedback due to the flaws in the products. Hence, IBM surpassed Apple in sales and Apple had to compete with a PC dominated world by IBM.

    The year 1984 experienced the release of Macintosh, it was both romantic and creative. However, despite positive sales and performance superior to IBM’s PCs, the product was still not compatible with IBM. Later on, Jobs was pushed into a marginalized position in the company and left the company in 1985.

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    Steve Jobs – Founding NeXT, Returning to Apple, and Pixar

    Post his tenure at Apple, Jobs began a new hardware and software enterprise named NeXT. The brand floundered in its attempt to sell its operating system to the public and later on, was taken over by Apple in 1996 for $429 million.

    In 1997, Jobs returned to Apple and came back with a new management team. The team under Steve altered stock options and self-imposed an annual salary of $1 per year.

    Under Jobs, the company came back on track and his products like iMac gained positive reviews from the customers. In the upcoming years, Apple introduced many more revolutionary products like Macbook Air, iPod, and iPhone. The competitors struggled to produce similar technologies and this became the reason for the success of Apple and Steve Jobs. Later on, Apple became the face of technology.

    In 1986, Steve purchased an animation company from George Lucas. This brand was called Pixar Animation Studios. Jobs had invested $50 million of his own money into the company. The studio became popular in the industry by producing many iconic movies like Toy Story, Finding Nemo, and The Incredibles. Pixar’s movies earned the company a whopping $4 billion. In 2006, it merged with Disney and in this case, Jobs was the largest shareholder of the acquisition. In 2024, Steve Jobs’ net worth is estimated to be $7 billion, but he could have been significantly wealthier if he had held onto his Apple shares.

    Steve Jobs – Philanthropy

    Unlike many billionaires, Steve Jobs was not widely known for philanthropy and faced criticism for not donating as much as his peers. He was a very private person, which led some to believe he may have made anonymous donations over the years. Here are some of the key philanthropic contributions made by Steve Jobs:

    • After leaving Apple, Jobs created the Stephen P. Jobs Foundation, initially focused on vegetarianism and nutrition, but later shifted to social entrepreneurship.
    • When Jobs returned to Apple in 1987, he cut Apple’s philanthropic programs to reduce costs. This decision contributed to Apple’s image as one of the least charitable tech companies.
    • Later in his life, he donated $50 million to Stanford Hospital and gave an undisclosed amount toward AIDS research.
    • Jobs is mostly remembered and admired for his innovative business achievements, rather than for philanthropy.

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    Steve Jobs – Quotes

    Steve Jobs, Apple’s co-founder, shared many powerful quotes that can inspire you as you chase your own business dreams.

    • Innovation distinguishes between a leader and a follower.
    • Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.
    • You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.
    • Don’t let the noise of others’ opinions drown out your own inner voice.
    • Stay hungry. Stay foolish.
    • Your time is limited, so don’t waste it living someone else’s life.
    • I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.
    • You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.

    Conclusion

    Steve Jobs is regarded as a marketing genius by many as he made Apple products a status symbol for the next generation. Due to his strong personality and intelligence, Steve Jobs will be remembered as the most iconic entrepreneur ever!

    FAQ

    Who is Steve Jobs?

    Steve Jobs is an American entrepreneur and co-founder of Apple. He is known as the man behind the success of Apple.

    How did Steve Jobs start Apple?

    Steve Jobs with Steve Wozniak started Apple in his parent’s garage. Steve Wozniak sold his scientific calculator and Steve Jobs sold his Volkswagen bus to fund the business.

    Is Steve Jobs an entrepreneur?

    Yes, Steve Jobs is an entrepreneur who co-founded Apple with Steve Wozniak.

    Who is founder of Apple?

    Steve Jobs and Steve Wozniak started Apple in 1976 with a capital of $1350.

    Where did Steve Jobs grow up?

    Steven Paul Jobs grew up in Cupertino, California. It is now known as Silicon Valley.

    What made Steve Jobs successful?

    Steven Paul Jobs was successful because of his strong vision, creativity, and focus on design and user experience. He had a unique ability to understand what people wanted before they knew it themselves. Jobs also pushed for perfection, inspired his teams, and made bold decisions that changed technology, from the Mac to the iPhone. His passion and persistence helped build Apple into one of the world’s most valuable companies.

    How long did it take Steve Jobs to become successful?

    Steve Jobs became successful in about 5 years after starting Apple in 1976. By 1980, Apple went public and made him a millionaire. However, his real global success came later with products like the iMac (1998), iPod (2001), and iPhone (2007) after returning to Apple in 1997. His journey had ups and downs, but his major success took about 20–30 years of vision and hard work.

    What was Steve Jobs net worth?

    Steve jobs net worth was $10 billion in 2011.

  • Evolution of Apple and Its Business Model

    With a market capitalization of over a trillion dollars at the time of this writing, Apple is among, if not the most valuable brand in the world.  In recent years, it has become increasingly rare to not use an Apple product at some point in your day. In fact, as of this month, there are over one billion Apple products being used across the world. The little apple with a bite out of it has become synonymous with technology, music, and growth.

    Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software, and online services. Apple is considered one of the Big Four technology companies, along with Amazon, Google, and Facebook.

    The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac PC, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player,  and the AirPods wireless earbuds. Apple’s software includes the macOS, iOS the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store, the Mac App Store, Apple Music, iMessage, and iCloud.

    History of Apple
    Apple Motherboards to iPhone and Beyond
    Apple iMac and iPod
    Apple Business Model
    Apple Revenue Model

    History of Apple | Evolution of Apple

    History of Apple

    The history of everyone’s favorite start-up is a tech fairytale with one garage, three friends – Steve Jobs, Steve Wozniak, Ronald Wayne, and their wild passion to do something big. The two Steves attended the Homebrew Computer Club together; a computer hobbyist group that gathered in California’s Menlo Park from 1975. Woz produced the first computer with a typewriter-like keyboard and the ability to connect to a regular TV as a screen. Later christened the Apple I, it was the archetype of every modern computer hand-built entirely by Wozniak.

    It was sold as a motherboard (with CPU, RAM, and basic textual-video chips)—a base kit concept. The approach was to make something simpler for the rest of us. A philosophy even reflected today in Apple’s products. The Apple I went on sale in July 1976 and was market-priced at $666.66 ($2,995 in 2019 dollars, adjusted for inflation).

    According to the biography of Steve Jobs, the name was conceived by Jobs after he returned from an apple orchard. He apparently thought the name sounded “fun, spirited, and not intimidating.” The name also likely benefitted by beginning with an A, which meant it would be nearer the front of any listings.

    Apple Computer, Inc. was incorporated on January 3, 1977, without Wayne, who had left and sold his share of the company back to Jobs and Wozniak for $800 only twelve days after having co-founded Apple. Multimillionaire Mike Markkula provided essential business expertise and funding of $250,000 during the incorporation of Apple.

    During the first five years of operations, revenues grew exponentially, doubling about every four months. Between September 1977 and September 1980, yearly sales grew from $775,000 to $118 million, an average annual growth rate of 533%.

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    Apple Motherboards to iPhone and Beyond

    Apple’s Journey from Motherboards to iPhone

    Steve Jobs was convinced that all future computers would have GUI. The first home computer with a GUI, or graphical user interface — an interface that allows users to interact with visual icons — was the Apple Lisa. Jobs adapted the technology of The Xerox Alto(the first computer to feature GUI) into a computer small enough to fit on a desktop. Despite a fantastic breakthrough, it was a commercial failure due to its high price and limited software titles.

    On December 12, 1980, Apple (ticker symbol “AAPL”) went public selling 4.6 million shares at $22 per share, generating over $100 million, which was more capital than any IPO since Ford Motor Company in 1956. By the end of the day, the stock rose to $29 per share, and 300 millionaires were created. Apple’s market cap was $1.778 billion at the end of its first day of trading.

    The Macintosh Computer, In 1984, Apple introduced its most successful product yet — the Macintosh, a personal computer that came with a built-in screen and mouse. The machine featured a GUI, an operating system known as System 1 (the earliest version of Mac OS), and a number of software programs, including the word processor MacWrite and the graphics editor MacPaint. The New York Times said that the Macintosh was the beginning of a “revolution in personal computing.”

    Macintosh sales were initially good but began to taper off dramatically after the first three months due to its high price, slow speed, and limited range of available software. In early 1985, this sales slump triggered a power struggle between Steve Jobs and CEO John Sculley, who had been hired by Jobs using the famous line, “Do you want to sell sugar water for the rest of your life or come with me and change the world?” Jobs resigned from Apple in September 1985 and took a number of Apple employees with him to found NeXT Inc. Wozniak had also quit his active employment at Apple earlier in 1985 to pursue other ventures. He continues to represent the company at events or in interviews, receiving a stipend estimated to be $120,000 per year for this role.

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    Apple iMac and iPod

    In 1997, Jobs returned to Apple as the interim CEO, and a year later the company introduced a new personal computer, the iMac. The iMac was a strong seller, and Apple quickly went to work developing a suite of digital tools for its users, including the music player iTunes, the video editor iMovie, and the photo editor iPhoto. These were made available as a software bundle known as iLife.

    In 2001, Apple released its first version of the iPod, a portable music player that allowed users to store “1000 songs in your pocket”. By 2015, Apple had sold 390 million units.

    The iPhone

    During his keynote speech at the Macworld Expo on January 9, 2007, Jobs announced that Apple Computer, Inc. would thereafter be known as “Apple Inc.”, because the company had shifted its emphasis from computers to consumer electronics. The event also saw the announcement of the iPhone and the Apple TV. The company sold 270,000 iPhone units during the first 30 hours of sales, and the device was called “a game changer for the industry”. Apple achieved widespread success with its iPhone, by October 2008, Apple was the third-largest mobile handset supplier in the world.

    After years of speculation, Apple unveiled the iPad on January 27, 2010. The iPad ran the same touch-based operating system as the iPhone, and all iPhone apps were compatible with the iPad. Later that year on April 3, 2010, the iPad was launched in the US. It sold more than 300,000 units on its first day, and 500,000 by the end of the first week. In May, of the same year, Apple’s market cap exceeded that of competitor Microsoft for the first time since 1989.

    Jobs passed away in 2011, months after stepping down as CEO, marking the end of an era for Apple, he was replaced by Tim Cook. The company continues to enjoy growth, engaging in many high-profile acquisitions, in recent years buying companies such as Beats Electronics and hardware sensor giant PrimeSense.

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    Apple Business Model

    Customer Segments

    In the 20th century, Apple catered primarily to the home computer market, selling products which, although coming with a premium price tag were still affordable for the mass market.
    In the 21st century, following Jobs’ re-branding of Apple Computers Inc. to Apple Inc., Apple has focused increasingly on consumer electronics, with the iPod, the iPhone, and the iPad becoming flagship products. They continue to cater to the premium end of this market.

    Value Proposition

    The key to Apple’s success is majorly given to its meticulous, elegant design. Moreover, the loyal customer base formed by Apple in the initial years is still a strong standing point, with customers ready to pay time and again for flawless, high-performance, brilliantly designed devices.

    Customer Relationships

    Apple maintains its strong relationship with its customers by offering phone and web-chat-based customer service channels, in addition to providing in-person assistance at its various stores worldwide.

    Key Activities

    Apple’s key activities are investing a lot in quality control to ensure products meet the standard their customer base has come to expect. Aside from design, and quality control, branding is a huge part of what Apple does. Apple is extremely conscious of controlling the image it projects and it has painstakingly and consciously cultivated an image of quality, precision, sophistication, and class that enables it to justify the higher price tags its products command relative to its rivals.

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    Apple Revenue Model

    While home computer sales comprised the majority of revenue for most of Apple’s history, in the last decade, this has changed as Apple has focussed on smaller consumer electronics. For FY 2022, the sale of iPhones generated between 40-60% of the company’s revenues and is consistently their biggest earner.

    Macintosh computers were the second biggest earner in FY 2022,  generating around 6-10% of the company’s revenue.

    The sale of the iPad generated 5-8% of Apple’s income in FY 2022.

    Sale of other products, including Apple watches and iPods generate around 8-10% of revenue.

    Apple’s internet services, including iTunes, Apple Care, and Apple Pay accounted for 19.8% of revenue in FY 2022.

    Apple's Revenue Breakdown by Product for FY 2022
    Apple’s Revenue Breakdown by Product for FY 2022

    The key highlights of the analysis of Apple as a Tech giant are that when the need felt to a shift from the computer industry to consumer electronics, it didn’t wait for the numbers to slump, it immediately started working on newer products.

    It worked really hard to maintain the quality standard and never compromised on it even if the sales fluctuated.

    Another major reason for Apple’s dominance in the upper crest of digital products is the customer relations it has maintained over the years. The brand loyalty that we see when it comes to Apple’s tribe is unmatched by any other company.

    The user-friendly interface, attractive updates, and excellent customer service never let Apple’s presence fade away despite the extravagant costs.

    Apple also works on its advertising strategy, launching exciting ads that ultimately make it the talk of the industry. Whether the reputation is positive or negative, Apple makes sure that it does not let the popularity descend. This constant adaptation and perseverance is what makes it sit on the trillion-dollar throne.

    FAQs

    When was Apple founded?

    Apple Computers, Inc. was founded on April 1, 1976, by Steve Jobs and Steve Wozniak.

    What is Apple’s first product?

    The first Apple product was launched on April 11, 1976. It was just a fully assembled motherboard, with about 60 chips.

    Who is the CEO of Apple?

    Tim Cook serves as CEO of Apple since 24 Aug 2011.

  • The Rise and Fall of the iPod

    Do you remember the days when you shared MP3 CDs with your friends? Back then, listening to your favourite music was a hassle.

    Then came iPod, which changed the way we listened to music.

    In 2001, Apple introduced the iPod under Steve Jobs, who transformed Apple from a business on the verge of bankruptcy to a $3 trillion company. On May 10, 2022, almost 20 years after releasing its first iPod, Apple said it would no longer produce the device. But, the iPod touch will continue to sell until supplies run out.

    Why did Apple stop producing iPods?

    Discover the journey of a whopping 40% revenue share in 2008 to a meager 1% revenue share by 2014 – The success and decline of the Apple iPod.

    The Introduction of Apple iPod: A Love Story Between Music and Computers
    iPod Revolutionizing the Music Industry
    Apple Taking a Risk With iPod to Achieve Success
    What Led to the Decline of the iPod?

    The Introduction of Apple iPod: A Love Story Between Music and Computers

    1999 was the best year yet for the US music industry. Two things were expanding during this period. There were computers in more than 40% of homes.

    Additionally, internet usage was multiplying.

    People were burning CDs and listening to their friends’ mixes. They downloaded songs from Napster and then bought MP3 players. But they were bulky – gray rectangles that weighed down your purse or pocket.

    Apple introduced a portable music player iPod in October 2001. The iPod mp3 player, with a 5GB hard drive, promised to hold 1,000 songs in your pocket. It was easier to use for loading and purchasing music.

    Apple offered a physical portable music player compatible with iTunes’ online platform. The iPod allowed users to scroll through songs with their thumbs in a circular motion. People took notice of this easy-to-use control scheme.

    Due to its high cost and only being able to be used on iMac computers, the device was received with mixed feelings.

    As a result, Apple opened the Itunes music shop in April 2003. The Windows version was released six months later. It allowed customers to start their music libraries for $0.99 per song.

    Anybody could now use an iPod and buy music.

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    iPod Revolutionizing the Music Industry

    When the iPod came out, it was a game changer.

    The Sony Walkman had been the standard portable music player before the iPod mp3 player. With Apple’s iPod product, Sony’s device became obsolete since it could only hold 250 songs with no expansion or more storage options. Apple’s device allowed for up 1500 songs on one device alone.

    With an iPod, you can listen to only the music you want when you want it. You don’t have to buy the entire tape to listen to the one song you want. You don’t have to wait until you can afford your favorite CD. You can listen to music while doing something else.

    Now you have a tool that allows you to change the parameters of the tape and select only songs you enjoy. In turn, it had a ripple effect on the economy and how music was produced.

    Apple Taking a Risk With iPod to Achieve Success

    In 1999, CD sales accounted for $21 billion in US music sales. But CD players and early portable music players had many issues, including being big and clunky, skipping during playback, and holding few songs.

    Apple saw an opportunity to create something small and powerful but needed to know what it was. Until former head of hardware, Jon Rubinstein met with Toshiba at a Macworld expo in Tokyo, who displayed a 1.8-inch hard drive. This small but revolutionary hard drive combined portability and storage.

    On October 23, 2001, the first iPod was unveiled.

    The iPod underwent design iterations throughout its existence. From a music player with a hard drive to a screenless fob to a scaled-down iPhone. It acquired several other capabilities over time.

    The iPod Shuffle had only a few controls. It was called the “radio station” of iPods, making sense by its motto, “Controlling your radio station.” The Nano, Mini, and Touch models followed. The Classic has a scroll wheel and is relatively large compared to its counterparts.

    Due to the iPod’s closed environment, Apple attributed its success to its popularity. Apple went on to become the largest company in the world thanks to this device.

    What Led to the Decline of the iPod?

    Tony Fadell - The co-creator of the iPod
    Tony Fadell – The co-creator of the iPod

    Apple kept the momentum going by introducing the iPod Mini and iPod Nano in 2005. Apple sold 22.5 million iPods in various configurations that year. It doubled its previous record from 2004 and four times the volume moved in 2003.

    During its peak, iPods captured 80% of the market share. The true rivalry occurred when cell phones began to get data and MP3 capabilities. The co-creator of the iPhone, Tony Fadell, said that cell phones started to be 2.5G and started to resemble Sidekicks when they began putting on MP3s.

    Before Apple introduced the iPod touch in 2007, they offered another device. It was known as the iPhone and included a phone, internet communicator, and iPod music app. It’s not an iPod with an antenna. It allows users to browse the web, make phone calls, and play music.

    The above graphs show the global sale of Apple iPod from 2006 to 2014 in million units
    The above graphs show the global sale of Apple iPod from 2006 to 2014 in million units

    In 2008, Apple introduced new iPod models. But the sales started to fall off when the iPhone experienced rapid expansion. There was a gadget with all the features of an iPod combined with a cell phone and internet capabilities.

    Apple sold 14.4 million iPods in 2014, down from 55 million in 2008. The iPod only contributed 1.25% of Apple’s revenue that year (2014). Apple stopped making the iPod classic, shuffle, and nano in 2017.

    The iPod touch was last updated in 2019. It has stayed popular among kids and app developers as a low-cost iOS device. The upgrades were insignificant, though, appearing more like a feeble attempt to prolong the life of the last iPod.

    Conclusion

    Apple’s iPod had a massive impact on music. It was the first device to popularize the concept of having music on the go. Although it is no longer for sale, the iPod touch pioneered that now-commonplace ability.

    It’s exciting and sentimental to remember what the iPod meant to us. It was an era when you could access music through infinite possibilities of streaming services.

    FAQs

    Does iPod still exist in 2022?

    Yes, iPod does still exist in 2022 as Apple still has an availability of the 7th generation of iPod touch which was first released back on May 2019.

    What replaced the iPod?

    Some of the devices that replaced the iPod are iPhone, Sony NW-A105 Walkman A Series, Aiworth, M17 Media Player, etc.

    iPods were popular for multiple reasons. The best reason for it being popular was that no other company was able to introduce such a product in the market before Apple integrated iPods. iPods were way much easier to use and carry. The iPods were connected to iTunes stores for easy services.

    Why did Apple stop selling iPods?

    Apple slowly declined the production of iPods primarily because of the declining sales rate of iPods. Another reason was the introduction of a device with better abilities being made available in the market by Apple led to the shift in focus of customers that eventually closed the doors for the iPod market.

  • List of 16 Biggest Dropout Entrepreneurs in the World

    The saying “Winners never quit, and quitters never win” is true, but it seems ironic in the case of entrepreneurs who have quit their academics to pursue their goals instead. Guess what, though? They have accomplished much more than getting good grades from school or university.

    People continue to question the decisions that were made by dropouts, asking, “Will they thrive as successful contributors to society?” But trust me when I say that going from being a dropout student with nothing in their pocket to becoming one of the most successful millionaire entrepreneurs in the world has greatly increased respect for determination and commitment to one’s aims.

    Biggest Dropout Entrepreneurs in the World
    Bill Gates
    Mark Zuckerberg
    Henry Ford
    Steve Jobs
    Larry Ellison
    Larry Page
    Jan Koum
    Evan Williams
    Jack Dorsey
    Amancio Ortega
    Orji Uzor Kalu
    Michael Dell
    John Mackey
    Azim Premji
    Kunal Shah
    Ritesh Agarwal

    Biggest Dropout Entrepreneurs in the World

    Dropping out of school or college is considered one of the biggest mistakes in one’s life. However, there are certain people who have proved this notion wrong by turning this mistake into huge achievements. The following is a list of the biggest entrepreneurs in the world, who dropped out of their education in the middle.

    Bill Gates

    Name Bill Gates
    Net Worth $114 Billion (2022)
    Source Microsoft Corporation
    Dropout From Harvard University

    Bill Gates
    Bill Gates

    Bill Gates is known to be the inventor of the college-dropout billionaire trope in 1975 when he left Harvard to start his career in establishing Microsoft. At the age of 13,  he wrote his first software program to get admission to a private Lakeside school, which revealed his affinity for programming.

    Whilst at Lakeside school, Gates earned the title of National Merit Scholar, in which he scored 1590 out of 1600 on the SAT. To support his father’s dream of making him becoming a lawyer, he enrolled at Harvard as a pre-law student in 1973, and aced mathematics and computer science courses.

    After dropping out of Harvard, in 1975 Gates founded ‘Microsoft’ with his friend Paul, and produced the first-of-its-kind programming language BASIC for the MITS Altair 8800 ‘Microcomputer,’ an early personal computer. He had chosen the path, which he is good at, not the path his parents wanted him to choose.

    Mark Zuckerberg

    Name Mark Zuckerberg
    Net Worth $70 Billion (2022)
    Source Meta (formerly Facebook)
    Dropout From Harvard University

    Mark Zuckerberg
    Mark Zuckerberg

    One of the famous media magnates is the CEO of Meta Platforms- Mark Zuckerberg. He attended his schooling at Ardsley High school before transferring to Phillips Exeter Academy. He started using computer and software programming in middle school, where he built a program that connected wireless communication between his and his father’s dental office.

    In 2002, Mark got into Harvard to study Psychology and Computer Science and was already known as a ‘programming prodigy’. At that time, Mark came up with a new code for his new website- Facebook, however, faced a lot of problems in establishing it, so he decided to quit Harvard in 2005 to focus on building his dream, Facebook.

    Henry Ford

    Name Henry Ford
    Net Worth $190 billion, (1947, adjusted for inflation)
    Source Ford Motor Company
    Dropout From High School

    Henry Ford
    Henry Ford

    The automobile ruler created a revolutionary movement in transportation and the automobile industry. Ford completed his eighth grade at a one-room school and instead of attending sophomore, he enrolled in a bookkeeping course at a commercial school.

    Contradictory, Ford was much more interested in building something big than sitting at a desk & bookkeeping. When he was 12 years old, that was the first time he found a purpose in his life when he witnessed the operation of a Nichols and Shepard road engine from a watch gifted by his father. In 1882 Ford returned to his family farm after working as an apprentice machinist in Detroit.

    While he was working on the family farm, he became adept at operating the Westinghouse portable steam engine, whereby he completed his first gasoline car powered by a two-cylinder, four-horsepower engine and eventually built three cars in his home workshops, which was a stepping stone to the development of the renowned brand ‘Ford’.

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    Steve Jobs

    Name Steve Jobs
    Net Worth $10.2 billion (2011)
    Source Apple Inc.
    Dropout From Reed College

    Steve Jobs
    Steve Jobs

    Steve Jobs, the innovation king, was also once a problematic child during his school times, where he played a lot of pranks on teachers and never showed a slight interest in studies.

    He even skipped 5th Grade and transferred straight into 6th grade at Crittenden Middle school, where he became a victim of the bully. In fact, his family moved to Los Altos and joined Homestead High school for a better life, which was surrounded by an environment of engineering families.

    In 1971, Steve Jobs decided to join the electronics club with his best friend Wozniak, who got into the University of California, Berkeley. At that time, Wozniak designed a low-cost digital ‘blue box’ to manipulate the telephone network, by allowing free long-distance calls.

    In 1971, Steve Jobs dropped out of Reed College after the very first semester, because he didn’t want to waste his parent’s money on an education that seemed meaningless to him and worked as a technician at Atari, Inc. in 1972. In 1976, Jobs, and fellow college dropout Steve Wozniak, built the Apple I in his parent’s garage.

    Larry Ellison

    Name Larry Ellison
    Net Worth $91 Billion (2022)
    Source Oracle Corporation
    Dropout From University of Chicago

    Larry Ellison
    Larry Ellison

    Larry Ellison was once a dropout student, but now he was listed as one of the wealthiest people on the planet by Bloomberg Billionaires Index in July 2022. Larry Ellison attended South Shore High school and later enrolled as a pre-med student at the University of Illinois in Urbana-Champaign.

    At the University, he was rewarded and named ‘Science student of the year. Unexpectedly, he hadn’t appeared for his final exams as his adoptive mother passed away. In 1966, he attended the University of Chicago for one term, where he learned computer design and technology, and later dropped out of it.

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    Larry Page

    Name Larry Page
    Net Worth $83 Billion (2022)
    Source Google
    Dropout From Stanford University

    Larry Page
    Larry Page

    Larry Page, the co-founder of Google, found himself attracted to computers when he was 6 years old and even became the first kid in the rudimentary school to turn in an assignment from a word processor.

    At the age of 12, he wanted to start a company by inventing new things and eventually developed an interest in technology and business. Larry Page was a radiant student in schooling as well as an undergrad. He did his schooling at Montessori Radmoor and  East Lansing High School.

    Page received a Bachelor of Science from the University of Michigan and a Master of Science from Stanford both in the field of computer science. After joining his: Ph.D. and he started his research in Computer Science at Stanford University and pursued his full-time interest in building the World Wide Web. However, in 1999 Larry couldn’t complete his Ph.D. degree and dropped out of college to focus more on his main aim.

    Jan Koum

    Name Jan Koum
    Net Worth $13.3 Billion (2022)
    Source WhatsApp
    Dropout From San Jose University

    Jan Koum
    Jan Koum

    The co-founder of Whatsapp Jan Koum enrolled at San Jose State University because he was interested to learn to program. At the same time, he worked at Ernst & Young as a security tester. In 1997, He left his studies mid-way, because he was hired by Yahoo as an infrastructure engineer.

    Evan Williams

    Name Evan Williams
    Net Worth $1.8 Billion (2022)
    Source Twitter
    Dropout From University of Nebraska

    Evan Williams
    Evan Williams

    In Clarks, Nebraska, Evan Williams was raised on family property. Before quitting, he spent three semesters enrolled at the University of Nebraska at Lincoln.

    Williams worked as a contractor writing software for Hewlett-Packard and Intel and then also secured a position at Google. Later, he left his position at Google to start his entrepreneurial journey of establishing Twitter.

    Jack Dorsey

    Name Jack Dorsey
    Net Worth $4.2 Billion (2022)
    Source Twitter
    Dropout From New York University

    Jack Dorsey
    Jack Dorsey

    A 1999 New York University dropout is the co-founder of Twitter and Square, two of the most talked-about firms in recent memory. Jack founded Twitter along with Ev Williams, Biz Stone, and Noah Glass after briefly working as a masseur and a fashion designer. At this time, Dorsey is valued around $5.6 billion.

    The above graph shows the percentage of Forbes Billionaires by their educational institute type. The graph is made as per the data shared by entrepreneur.com and the study conducted by Wai & Rindermann.
    The above graph shows the percentage of Forbes Billionaires by their educational institute type. The graph is made as per the data shared by entrepreneur.com and the study conducted by Wai & Rindermann.

    Amancio Ortega

    Name Amancio Ortega
    Net Worth $61.6 Billion (2022)
    Source Inditex
    Dropout From School

    Amancio Ortega
    Amancio Ortega

    Amancio Ortega, dropped out of school at the age of 14, because his father was a railway worker and couldn’t afford much to pay. So, Amancio Ortega joined a local shirtmaker named ‘Gala’, which actually taught him how to make clothes by hand and inspired him to build one of the largest clothing retailer companies, Inditex, known for its chain of Zara and Bershka.

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    Orji Uzor Kalu

    Name Orji Uzor Kalu
    Net Worth $1.1 Billion (2022)
    Source SLOK Holding
    Dropout From Nigerian University

    Orji Uzor Kalu
    Orji Uzor Kalu

    Orji Uzor Kalu was 19 years old when he was dismissed from the Nigerian university after being found instigating a series of student riots. In order to start trading goods like rice, sugar, and palm oil, he requested $35 from his mother.

    By diversifying his investments, he became a millionaire by the age of 20. He was ranked by Forbes as the 49th richest person in Africa in 2015. He originally established SLOK Holding, a West African company with profit shareholding in shipping, banking, manufacturing, etc.

    Michael Dell

    Name Michael Dell
    Net Worth $56.1 Billion (2022)
    Source Dell Technologies
    Dropout From University of Texas

    Michael Dell
    Michael Dell

    In 1983, Michael Dell was a student at the University of Texas, although he occupied much of his energy in his college dorm room updating and hawking devices. Dell founded PCs Ltd. at the age of 19, which eventually grew into Dell Computer Corporation in 1987.

    He then obtained a license from the State of Texas to submit bids for big contracts after starting to sell upgrade modules for personal computers from his hostel. At the age of 27, Michael Dell was the youngest CEO on the Fortune 500 list. He currently has a net worth of almost $20 billion.

    John Mackey

    Name John Mackey
    Net Worth $85 Million (2022)
    Source Whole Foods Market
    Dropout From Texas University

    John Mackey
    John Mackey

    John Mackey studied Philosophy and Theology at Texas University, Austin in 1978. Renee Lawson Hardy and he first met when he enrolled in a vegetarian co-op at the university.

    The couple dropped out of school and founded SaferWay, the first vegetarian supermarket in Austin. It ultimately paved the way for Whole Foods, the 30th leading retailer in the United States measured by revenues in 2014.

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    Azim Premji

    Name Azim Premji
    Net Worth $9 Billion (2022)
    Source Wipro
    Dropout From Stanford University

    Azim Premji
    Azim Premji

    Azim Premji is another biggest entrepreneurs on the list of dropout entrepreneurs. is the son of a very famous businessman, who is also known as the Rice king of Burma, Mohamed Hashem Premji. Azim had to drop out of his education at Stanford because he had to take care of his family’s oil business after his father’s sudden demise.

    Subsequently, Azim Premji became solely responsible to look after his father’s business in India. He completed his studies to get a Bachelor of science in electronic engineering degree from Stanford University after 30 years.

    Kunal Shah

    Name Kunal Shah
    Source CRED
    Net Worth $809 Million (2022)
    Dropout From Narsee Monjee Institute of Management Studies

    Kunal Shah
    Kunal Shah

    Kunal Shah graduated from Wilson College with a Bachelor of Arts in Philosophy. He then enrolled at the Narsee Monjee Institute of Management Studies for an MBA degree, which he ultimately left. His initial business was PaisaBack, which provided kickbacks from merchants. Among many of the top college dropout Indian entrepreneurs, Kunal Shah is one of the most well-known names.

    He is a founding member of FreeCharge, a reputable internet recharge service. 2012 saw the launch of the business, which Snapdeal soon bought. With its first three recharges and matching-value incentives, FreeCharge completely changed the way that internet recharges work. He is currently known best for being the founder of one of India’s unicorn startups CRED.

    Ritesh Agarwal

    Name Ritesh Agarwal
    Net Worth $1.1 Billion (2020)
    Source OYO Rooms
    Dropout From Indian School of Business & Finance, New Delhi

    Ritesh Agarwal
    Ritesh Agarwal

    One of the youngest Indian Billionaires, Ritesh Agarwal, the founder of OYO Rooms. He was from a middle-class family. He completed his higher schooling at St. John’s Senior Secondary School and moved to New Delhi for college in 2011.

    But, shortly, he quit as his project idea of Oravel stays Pvt Ltd was selected by the Thiel Fellowship program in 2013, which granted 100,000 USD, with which he launched OYO rooms.

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    Conclusion

    These are some of the most successful entrepreneurs who have found greatness despite not having the appropriate education. They serve as the best illustration that what you study doesn’t define you. It is your hard work and determination and passion that speaks for you.

    FAQs

    Who is the most successful dropout?

    Bill Gates is the most successful dropout in terms of net worth. He possesses a net worth of $110.5 billion as of July 2022.

    How many billionaires have no college degree?

    As per the billionaire census by Wealth X (2015), about 3 out of the 10 billionaires have no proper college degree. Some of the most popular names who became successful without a proper college degree include Bill Gates, Mark Zuckerberg, Steve Jobs, Amancio Ortega, and more.

    Who is a famous Harvard dropout?

    Some of the famous Harvard dropouts are:

    • Bill Gates
    • Mark Zukerberg
    • Robert Frost
    • David Foster Wallace
    • Matt Damon

  • Why do Some of the Top CEOs Take a $1 Salary?

    CEO or the Chief Executive Officer holds the highest ranking in any kind of company. To be able to hold this position is a very big thing, one has to be extremely responsible and hardworking because the entire company depends on them.

    A CEO’s main responsibility includes expanding the business, doing finance-related work, and making all other important decision that is necessary for a company to flourish. All the major decision needs approval from the CEO, and then only they can be established. A CEO also needs to coordinate with their employees with patience; this will result in a proper workflow.

    People might think being a CEO of a company means earning a lot of money in terms of their salary but there is a trend that is emerging in the new world and some CEOs are following it ardently. It may sound unbelievable but there are some CEOs who take $1 for their salary. Yes, you read it right, just $1.

    Some well-known CEOs are already a member of this trend. In this article, we will discuss, why some CEOs take just $1 as their salary and what are its benefits. So, let’s get started.

    “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” -Jack Welch

    What does $1 Salary Mean?
    History of $1 Salary
    Perks of Taking 1 Dollar Salary
    How CEOs Live With Just $1 Salary?
    Members of $1 Salary Club

    What does $1 Salary Mean?

    One dollar salary is all about when some of the world’s top chief executives take just $1 in the name of salary from their company. Here, they decide to work without taking direct compensation but there is a rule where they have to take a minimal amount for the sake of some legal reasons, so to follow that, they just take $1. This way the CEOs are considered volunteers by taking the minimal amount as their salary.

    History of $1 Salary

    Lee Lacocca - the CEO of Chrysler Corporation
    Lee Lacocca – the CEO of Chrysler Corporation

    This thing started in the early 1900s when the entire world was in a war-torn zone. During World War II, some of the top business leaders willing decided to offer their services for free to the Government. As there was a law, that doesn’t allow the President to accept free service from the businessmen, the concept of a One-dollar salary was born.

    The year 1978 also saw Lee Iacocca, the CEO of Chrysler Corporation adopting this procedure to improve the state of his company after the oil crisis. He asked the Government for their help.

    In the 21st century, there are many wealthy CEOs who are following this ardently, but now the reason is not that they want to offer free services but because it is all about earning huge amounts of money smartly.

    Perks of Taking 1 Dollar Salary

    The fact of taking just $1 may seem very simple but in reality, it is far more compatible and this mode provides a lot of benefits to the CEOs than a regular salary. Some of the benefits are:

    • The biggest reason for the CEOs to obtain this trend is none other than taxes. CEOs take this little amount of salary so that they can avoid paying a hefty sum as tax to the Government.
    • This improves the image of the CEO in front of the public and people start considering that person highly as it seems they are serving their country for almost free.
    • It gives the investors confidence that the CEO will perform better to receive their compensation, thus leaving them no choice but to invest in the company. In the end, this results in getting investments.

    How CEOs Live With Just $1 Salary?

    It is not like the CEO only gets to have one dollar as their salary, apart from that they take compensation from the company in the form of stock or equity, as they are taxed at a much lower rate than regular income.

    When the company performs well, the worth of the shares increase and the CEO’s different forms of income also increases. All of these stocks, bonus packages that are offered to them apart from the one-dollar make up for their ‘sacrifice’ quite well and in fact sometimes even exceed their income.

    Members of $1 Salary Club

    Some of the most renowned CEOs who are the member of this club and ardently follow the trend are:

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    Conclusion

    Being a CEO of a company comes with lots of perks but with also a lot of responsibilities. A CEO needs to take some of the most important decision of the business, there are some CEOs who take hefty sums and there are some who takes just $1 dollar but that doesn’t mean that they are providing their service for free, they are actually earning a lot by their smartness.

    FAQs

    Why do CEOs make $1?

    The CEOs can afford to earn $1 as they make money through other ways like stocks and equity. This also helps them in avoiding taxes.

    What is the minimum salary of a CEO?

    An early career Chief Executive Officer (CEO) with 1-4 years of experience earns an average of ₹983,641.

    Who are the CEOs in the $1 salary club?

    Some of the CEOs who take a $1 dollar salary are:

    • Elon Musk
    • Mark Zuckerberg
    • Meg Whitman
    • Larry Page
    • Sergey Brin

    What is the benefit of taking 1 dollar salary?

    Many CEOs like Elon Musk & Mark Zuckerberg take 1 dollar salaries to maximize the profits of the company and avoid paying huge taxes to the government.

    Who is the first CEO to start taking 1 dollar salary?

    Lee Iacocca, the CEO of Chrysler Corporation reduced his salary to $1 to save the company from bankruptcy.

  • Apple – The Development Of iEcosystem

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Apple.

    The Apple logo is very identifiable whether you’re walking down a crowded street in a major city or travelling through the highways. Whenever you spot a MacBook, an iPad, or an iPhone, you immediately recognize the logo and know who built it. Apple has accomplished more than just technological domination. The corporation has achieved something that many people strive for: international name recognition and a reputation that will outlast everyone alive today.

    The company’s tagline from 1997 to 2002, “Think Different,” may have contributed to Apple’s success. While not always hailed as a triumph, it is the result of foresight in the current competitive market. While many of us possess Apple devices, few are familiar with their history. When did Apple get its start, and how popular was it at its inception? When did Apple become well-known? And why did Apple come so close to going bankrupt? However, such achievement does not happen instantly and is difficult to duplicate. So, what is this mysterious Apple sauce? Let’s have a look.

    Apple – Company Highlights

    Startup Name Apple
    Formerly Called Apple Computer Company (1976–1977), Apple Computer, Inc. (1977–2007)
    Industry Consumer electronics, Software, and Online services
    Headquarter 1 Apple Park Way, Cupertino, California, U.S.
    Founders Steve Jobs, Steve Wozniak, and Ronald Wayne
    Founded April 1, 1976
    CEO Tim Cook
    Areas Served Worldwide
    Website www.apple.com

    About Apple, and How it Works?
    Apple – Industry
    Apple – Name, Logo, and Tagline
    Apple – Founders
    Apple – Startup Story
    Apple – Apple without Jobs
    Apple – The Fall
    Apple – When Did It Become A Big Name?
    Apple – Vision, and Mission
    Apple – Business Model
    Apple – Investments
    Apple – Acquisitions
    Apple – Competitors
    Apple – Future Plans

    About Apple, and How it Works?

    Apple Inc. is a global technology company headquartered in Cupertino, California, that specialises in portable electronics, software applications, and internet services. Apple is the fourth-largest personal computer vendor by unit sales, the world’s second-most valuable company, the largest information technology company by revenue (totalling US$365.8 billion in 2021) and the second-largest mobile phone manufacturer. Along with Amazon, Alphabet, Microsoft, and Meta, it is one of the five American behemoths in information technology businesses.

    Apple Inc. produces, builds, and sells computers and associated computing and communication devices, as well as services, software, networking solutions, and peripherals. Apple distributes its goods through its online shops, retail locations, direct sales representatives, resellers, and third-party wholesalers all around the globe.

    The iPhone is Apple’s series of cell phones that run on Apple’s operating system called iOS. The Mac range of computers is centered also on the business’s macOS operating system.

    The iPad is a range of multi-purpose tablets from Apple that run on the iPad OS operating system. Apple TV, Air Pods, Apple Watch, Home Pod, Beats products, iPod touch, and other Apple-branded and third-party accessories are included under Home, Wearables, and Accessories.

    The Company’s wireless headphones that interface with Siri are known as Air Pods. The Apple Watch is the firm’s smartwatch series. AppleCare, Advertising, Cloud Services, Digital Content, and Payment Services are among its offerings.

    Apple – Industry

    The worldwide economy has been severely impacted by the COVID-19 pandemic. Many end-user sectors, including electronics manufacturing, have been impacted. According to data from an IPC study conducted in March 2020, 40% of global electronics manufacturers and suppliers polled anticipate that the COVID-19 outbreak will have the greatest impact on consumer electronics. Another 24% of respondents said that industrial electronics would be the worst hit, with 19% predicting that the automotive electronics category would be the most brutal damage.

    Electronic computers, such as mainframes, laptops, pcs, workstations, and software services, as well as computer peripheral devices, are manufactured by companies in this business. Apple, Hewlett Packard Enterprise, Dell, IBM, Lenovo (Hong Kong), ASUS (Taiwan), and Canon (Japan) are the companies that belong to this sector or industry.

    Annual global unit sales for 2021 hit 340 million units, up 15% from the previous year. With large exports, Europe, Africa, and the Middle East, as well as the Asia Pacific, excluding Japan, led to the rise of this industry. During the projected period, which is 2021-2026, the Electronics Manufacturing Services Market is estimated to grow at a CAGR of 9%.

    Apple – Name, Logo, and Tagline

    Jobs revealed in his biography written down by Walter Isaacson that he was now on one of his fruitarian diets. He was driving back from an apple farm when he came up with the name for the firm that would transform his life. Steve Wozniak’s book, “iWoz: Computer Geek to Cult Icon,” confirms this. Wozniak, who drove Jobs home from the airport following that trip, claimed that the firm name came to him during the journey. According to Jobs, the “apple orchard” he mentioned was a commune.

    According to Jobs’ biography, he believed the name “Apple Computer” sounded “energetic, fun, and not intimidating” – all crucial elements for a firm that intended to transform computing and make it far more approachable. And, that’s where the logo came from.

    Apple Logo
    Apple Logo

    Apple’s tagline says, “Think Different.”

    Apple – Founders

    Steve Jobs, Ronald Wayne, and Steve Wozniak founded Apple Computers Company as a business deal on April 1, 1976.

    Founders of Apple - Steve Jobs (left) and Steve Wozniak (right)
    Founders of Apple – Steve Jobs (left) and Steve Wozniak (right)

    Steve Jobs

    Steve Jobs was the co-founder and former CEO of Apple and Pixar Animation Studios. Jobs attended Reed College in Portland, Oregon after graduating from Homestead High School in Cupertino, California in 1972. He dropped out after one semester and went on to study philosophy and other cultures.

    Steve Jobs had a keen passion for technology, therefore he went to work for Atari Inc, a major video game producer at the time. He became acquainted with Steve Wozniak, a fellow designer, and attended Homebrew Computer Club meetings with him. On August 24, 2011, Jobs resigned as Apple’s CEO and became Chairman of the Board of Directors. Jobs passed away on October 5, 2011.

    Ronald Wayne

    Ronald G. Wayne is mainly remembered as one of the co-founders of the Apple tech firm, with Steve Jobs and Steve Wozniak, the company’s primary drivers. It was a brief journey compared to the years he spent inventing and manufacturing slot machines and other professional gaming devices. He’s a skilled innovator with over a dozen US patents under his belt, covering a wide spectrum of essential concepts.

    Steve Wozniak

    For the past three decades, Steve Wozniak has been a Silicon Valley star and philanthropist. His design of Apple’s original line of devices, the Apple I and II, impacted the popular Macintosh.

    With Wozniak’s Apple I personal computer, Wozniak and Steve Jobs launched Apple Computer Inc. in 1976. He unveiled his Apple II personal computer the next year, which had a central processing unit, a keyboard, colour graphics, and a floppy disc drive.

    Wozniak was active in several corporate and humanitarian endeavours after leaving Apple in 1985, concentrating mostly on computer capabilities in schools and emphasising hands-on learning and promoting student creativity.

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    Apple – Startup Story

    The garage where Apple-I was developed
    The garage where Apple-I was developed

    Steve Jobs, Steve Wozniak, and Ronald Wayne created Apple in 1976 to sell Wozniak’s hand-built PC, the Apple 1. The Apple 1 was supplied as a motherboard that had a Central processing unit, RAM, and some rudimentary textual-video chips. It had no built-in keyboard, monitor, casing, or other Human Interface Devices at the time.

    The Apple 1 was released in July 1976 and sold for $666.66. Only a few weeks after the firm was created, Wayne chose to quit. He accepted an $800 check, which was worth about $72 billion forty years later. Wayne was the one who hand-drew the initial Apple logo, which was later replaced with Rob Janoff’s bitten apple symbol in 1977.

    On January 3rd, 1977, Apple Computer Inc. was founded. Mike Markkula, who was interested in the Apple-1, gave the team the necessary funds and commercial acumen. Mike Markkula, the third employee, owned a third of the firm. He nominated Michael Scott as the company’s first president and CEO because he believed Steve was too young and not responsible enough to handle the role.

    The Apple II, designed by Wozniak, was released in 1977. The Apple II computers were able to stay on top of market leaders Tandy and Commodore PET thanks to VisiCalc (the world’s first ‘killer-app’), a revolutionary spreadsheet and computing software. Because of its office compatibility, VisiCalc provided customers with another reason to acquire the Apple II. The Apple II was able to change the computer industry by introducing colour graphics. Apple had a genuine office with many workers by 1978, as well as an Apple II production sector.

    Revenues for Apple doubled every four months in the following years. Between September 1977 and September 1980, their annual revenues increased from $775,000 to $118 million (an average annual growth rate of 533 per cent).

    On December 12, 1980, Apple came out publicly for $22 per share. Apple’s $4.6 million shares sold out very instantly, raising more money than just about any other IPO since Ford Motor Company in 1956. Steve Jobs, the largest shareholder, gained $217 million from the IPO. The company’s IPO also made 300 additional people millionaires overnight.

    Apple – Apple without Jobs

    As tensions between Jobs and John Sculley, the company’s third CEO, developed, Jobs sought to depose Sculley through a revolt, which collapsed. Apple’s board of directors sided with Sculley and relieved Jobs of his work responsibilities. Jobs subsequently left his position and started NeXT, a firm that makes powerful workstations. Around the same time, Steve Wozniak sold most of his stock, and left the company, claiming that the firm was heading in the wrong way.

    With Jobs gone, the board members were willing to decide what type of computers Apple might create. They chose to sell more costly Macs to high-end clients. Because Steve Jobs was resistant to raising prices, this strategy could not be implemented until after he had departed. They concluded that even if lesser units are sold, profitability will be comparable or greater. This approach was known as “55 or die,” and Jean-Louis Gassée required that the Macintosh II had to make at least 55% profit per unit. Sculley hired Gassée to take the role of Steve Jobs.

    Although Apple computers were more costly than other computers on the market, they offered advantages such as the UI that attracted customers. In 1991, Apple released the PowerBook laptop with the System 7 operating system. System 7 was responsible for providing the Macintosh OS colour, and it was utilised until 2001 when OS X was introduced.

    Apple attempted to expand into new areas throughout the 1990s. Gassée was also involved in the creation of innovative products like the eMate and the Newton MessagePad, with the hope that they would propel the business to an unprecedented level.

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    Apple – The Fall

    When IBM clones became inexpensive and Microsoft’s influence grew in the latter part of the decade, Apple’s “55 or die” strategy failed. Even while Macs had an extensive software library, they were constrained. On the other hand, Windows 3.0 was on sale for low-cost commodity machines.

    Apple intended to re-enter the industry, so they released a new range of devices called the Quadra, Centris, and Performa. Because Apple computers were only accessible by mail or authorised dealers at the time, the Performa was designed to be a stocking item for lifestyle merchants and department stores. Back then, there has been no Apple Stores. Customers, on the other hand, were confused by this since they didn’t comprehend the differences among the variants.

    Apple has tried portable CD audio players, digital cameras, speakers, TV appliances, and other items, but they all failed. Apple’s stock price and market share dropped sharply. To compound the error, Sculley spent a significant amount of time and money porting System 7 to the new IBM/ Motorola PowerPC CPU rather than the Intel processor. Apple had no luck regaining market share since most software was designed on Intel CPUs, which were cheaper.

    The Apple board had enough with the very disappointing line of devices and the pricey choice to switch to PowerPC. Sculley was then replaced as CEO by Michael Spindler, a German expatriate who had worked with Apple since the 1980s. Gil Amelio succeeded Spindler as CEO in 1996.

    Amelio implemented significant reforms, including mass layoffs and cost reductions. His term was also marred by the shares of Apple hitting a 12-year low. In February 1997, Amelio chose to buy Jobs’ NeXT Computer for $429 million, bringing Steve Jobs back to Apple.

    Apple – When Did It Become A Big Name?

    The iPod, another Apple invention, was introduced in 2001. It was advertised as having thousands of music tracks worth of memory on its 5GB hard drive, which was an astonishing accomplishment for an MP3 player at that very time.

    In 2003, Apple launched the iTunes Music Store to augment this. This followed the introduction two years before of iTunes, Apple’s digital music software solutions. In 2003, Apple introduced a variant for Windows, and over the next several years, it began moving out to the rest of the globe. The iTunes Music Store was a convenient method for US residents to legally purchase music online; in 2006, it changed its name to the iTunes Store to include video services too. In 2005, Apple computers had Intel chips, allowing them to run Windows. All Apple PC hardware, including iMacs and MacBook Pros, will be Intel-based in the future.

    In 2007, Apple Computer Inc. changed its name to Apple Inc. to reflect its expanded product line. 270,000 iPhones were ordered during the first 30 hours after its release, earning it the moniker “Apple’s destiny changer.”

    The debut of the iPhone, iPod Touch, and iPad devices were met with overwhelming success. Apple introduced the App Store in July 2008 to offer third-party iPhone and iPod-Touch software. The App Store sold 60 million apps in a month and generated an average daily income of $1 million. Because of the iPhone’s success, Apple became the world’s third-largest mobile device provider.

    In October 2010, Apple stock achieved an all-time high of $300. On August 24, 2011, Steve Jobs stepped down from his role as CEO owing to health concerns and was succeeded by Tim Cook. Jobs died on October 5, 2011, bringing an end to a great period for Apple and a major shift in the company’s history.

    Apple, on the other hand, continues to dominate the market with ground-breaking technical marvels.

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    Apple – Vision, and Mission

    Apple’s mission is “to bring the best user experience to its customers through its innovative hardware, software, and services.”

    Apple – Business Model

    Apple’s business model is divided into two parts: products and services. In 2021, Apple earned more than $365 billion in revenue, with $191.9 billion coming from iPhone sales, and $38.3 billion from accessories and wearables (AirPods, Apple TV, Apple Watch, Beats products, Home Pod, iPod touch, and accessories),  $35.2 billion from Mac sales, $31.86 billion from iPad sales, and $68.4 billion from services.

    • Products – iPhone, Mac, iPad, as well as wearables, home, and accessory devices, are among the product lines (Air Pods, Apple-Watch and more)
    • Services –  AppleCare+, Digital Content Stores and Streaming Services, and the AppleCare Protection Plan, Apple’s Cloud Services, Licensing, and other services like Apple ArcadeTM, Apple News+, Apple CardTM, and Apple Pay, a cashless payment service, are all part of the services business.

    Apple – Investments

    Date Organization Name Round Amount
    May 5, 2022 CNote Corporate Round $25M
    Dec 6, 2021 Trala Venture Round $6.9M
    Nov 4, 2021 Lime Convertible Note $418M
    Aug 26, 2021 VamosVentures Corporate Round –
    Aug 26, 2021 SweetBio Corporate Round –
    Jun 22, 2021 Alabama A & M University Grant $1.3M
    Jun 17, 2021 Morgan State University Grant $6.3M
    May 7, 2021 II-VI Post-IPO-Equity $410M
    Mar 31, 2021 UnitedMasters Series B $50M
    May 7, 2020 Copan Diagnostics Grant $10M

    Apple – Acquisitions

    Acquiree Name About Acquiree Date Amount
    Joby Aviation Joby Aviation is an aerospace transportation company developing electric aircrafts. Apr 1, 2022 –
    Credit Kudos Credit Kudos is a credit bureau that uses financial behavior and data through open banking to measure creditworthiness. Mar 23, 2022 $150M
    AI Music Exploring the relationship between music and AI to enable a new age of music consumption Feb 7, 2022 –
    Paws, Inc Paws, Inc., was founded in 1981 by cartoonist Jim Davis, as a creative house to support Garfield licensing. Aug 30, 2021 –
    SourceDNA SourceDNA is a code similarity engine enabling companies that make or sell code to track what’s inside apps. May 6, 2021 –
    Vilynx Vilynx increases engagement, efficiency, and insight with leading products for Publishers in the digital world. Oct 27, 2020 $50M
    Scout FM Scout FM is a hand-curated podcast radio stations personalized with the power of data and artificial intelligence. Sep 24, 2020 –
    Spaces SPACES designs VR, AR and MR experiences for theme parks, retail, and other public locations worldwide. Aug 24, 2020 –
    Mobeewave Mobeewave is a Canadian-based startup that allows any mobile app to accept in-person payments with no extra hardware. Aug 1, 2020 $100M
    Fleetsmith Fleetsmith puts Apple device management and security on auto-pilot. Jun 24, 2020 –

    Apple – Competitors

    Microsoft, Samsung, Lenovo, Dell, Sony, HP, Xiaomi, Asus, Huawei, and Oppo are the top competitors of Apple.

    Apple – Future Plans

    Every year in June, Apple has its global Annual Developers Conference, and in 2022, the keynote will be held on June 6. Apple will use the event to debut its next-generation software, which will be available in the autumn.

    Apple is said to be developing a folding iPhone with a screen size of 7.5 to 8 inches and a release date of 2023 at the utmost. Apple is reported to be working on interactive virtual goggles with an inbuilt processor, dedicated high-end displays, and a Reality Operating System. The gadget will combine hand gestures, touch panels, and voice activation for interaction, and it is projected to cost around $3,000. In 2023, the AR/VR headset is projected to be released.

    Apple is working on upgraded 14-inch and 16-inch MacBook Pro models with M2 Pro and M2 Max processors. The M2 Max processor will include a 12-core CPU and a 38-core GPU, and the new computers will be available in 2023.

    The storyline of Apple’s electric vehicle research has undergone numerous plot twists, but reliable Apple analyst Ming-Chi Kuo claims that the company is still targeting a completely autonomous automobile, instead of just a technology offering, with a launch date between 2023 and 2025.

    Apple – FAQs

    What does Apple do?

    Apple Inc. is a global software company headquartered in Cupertino, California, that specialises in portable electronics, software applications, and internet services

    When was Apple founded?

    Steve Jobs, Ronald Wayne, and Steve Wozniak founded Apple Computers Company as a business deal on April 1, 1976.

    Which companies do Apple compete with?

    Microsoft, Samsung, Lenovo, Dell, Sony, HP, Xiaomi, Asus, Huawei, and Oppo are some of the companies Apple competes with.

  • Interesting Facts You Probably Didn’t Know About Sony

    As one of the largest manufacturers of consumer and professional electronic products, the largest video game console company and the largest video game publisher in the world, it should come as no surprise that Sony has started with selling rice cookers. But fully failed on the market. There are nuggets of information that you perhaps haven’t heard of. Here’s a short collection of the 6 most interesting facts about Sony.

    Interesting Facts About Sony

    1. The Story behind Sony
    2. Sony Walkman revolutionized the Music world
    3. The Story of Sony PlayStation
    4. Sony Bizarre Creations
    5. Sony is famous for Innovations
    6. Sony’s Staff Uniforms in the 70s and 80s

    15 Facts About Sony

    The Story behind Sony

    Akio Morita and Masaru Ibuka are the one who made Sony.
    Akio Morita and Masaru Ibuka are the one who made Sony.

    Sony was founded by Akio Morita and Masaru Ibuka in 1946. Initially, the company was called TTK or Tokyo Tsushin Kogyo. But later the name “Sony” was chosen for the brand as a mix of two words: one was the Latin word “sonus“, which is the root of sonic and sound, and the other was “sonny“, a common slang term used in 1950s America to call a young boy. While on the contrary, “sonny boys” is a loan word used in 1950s Japan to call smart and presentable young men.

    There was a student because of whom Sony became what it is today. But do you know how it started to focus its efforts to make its audio reception and quality better? All the credit can be given to an opera student at the Tokyo Academy of Art. This student complained to the founders about the bad quality of its first batch of sound recorders. The founders were impressed with him and happy about the critique. They eventually hired the boy to make an improvement in the product.

    Sony Walkman revolutionized the Music world

    Sony Walkman - Facts about Sony
    Sony Walkman

    The idea of Walkman was never something that any executive at Sony was keen for. This was a product that revolutionized music world. It changed the way we hear music. This was the reason it went on ‘to be sold’ for 31 years. The Walkman was sold as “Soundabout” in the US, “Stowaway” in the United Kingdom, and “Freestyle” in Australia.

    The reason behind this was that overseas sales companies thought the name as Japanese-English. Sony America initially suggested the name “Sony Disco Jogger”.

    Sony is not just a company that makes for the living rooms but has also produced electronics for those who are behind bars. This issue is known as the prison-issue Walkman SRF-39FP. FP stands for Federal Prison.

    It comes with a transparent body. A see-through case prevents the inmates from hiding any contraband inside. But despite their inability to store devices. These small boxes were capable to pick up radio signals through the walls along with a battery backup of 40 hours.

    The company started producing pocket radios in the late 1950s and claimed it was the world’s smallest radio. However, the problem which the company faced was the radios were too big to fit in shirt pockets. To get around this obstacle, custom-made shirts with larger pockets were ordered for its salesmen, to make the radios look pocket-fit.

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    The Story of Sony PlayStation

    Sony PlayStation - Facts about Sony
    Sony PlayStation

    Nintendo actually signed an agreement with Sony to manufacture an add-on device that could play CDs (Compact Disks) for their Nintendo console. But there were some complications between Nintendo and Sony over software licensing for the newly developed add-on device. So, the partnership fell off all of a sudden.

    Then, Sony went ahead and worked on the new console on its own. It was 1994 when Sony released the first PlayStation console. And, the rest is history.

    Sony Bizarre Creations

    Sony Chorocco

    One of the bizarre creations that Sony could never make it to the market was Chorroco, a mini plastic VW campervan that sat on the vinyl record and played music through its speaker as it drove around it.

    In 1998, Sony made a fool of itself by releasing a camcorder with night vision. What was so special about this? The camera could be used to see through the clothes. Anyone who wore dark clothes would be exposed. It used Infra-Red light. The company however recalled the product despite selling over 70,000 pieces.

    Sony is famous for Innovations

    Sony was famous for its inventions. They always looked towards developing newer things. Sony was the developer of compact disks and floppy disks in association with other companies. Sony had some impacts on the development of flask drives.

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    Sony’s Staff Uniforms in the 70s and 80s

    Issey Miyake is one of the famous fashion designers of Japan known for his technology-driven clothing designs.
    Issey Miyake is one of the famous fashion designers of Japan known for his technology-driven clothing designs.

    Let me tell you one of the fun facts about Sony. Sony had implemented a dress code during the late ’70s and early ’80s. Issey Miyake, a fashion designer in Japan, designed the uniform for all the staff of Sony.

    Interestingly, the iconic black turtlenecks worn by Steve Jobs were also designed by Issey Miyake. And, getting inspired by the idea of Sony uniform, Steve Jobs actually tried to implement a new dress code for his Apple employees as well. But nobody liked the idea of a uniform at Apple.

    Conclusion

    It would be hard to find anyone that doesn’t know about Sony or has not even heard of it. If you have read the post above, then you will know that Sony has gone through a lot of breakthroughs and setbacks.

    Despite being surrounded by naysayers, Sony is making highly innovative technologies and products available to us on a consistent basis. We hope they will continue to do so.

    FAQs

    What is unique about Sony?

    Sony is an electronics manufacturer who has gone above what many other electronic companies value, as such Sony has brought us many great inventions which have benefited mankind. Sony continues to innovate and be a world-class leader in reliable electronics, with that elegant and ergonomic Sony style.

    What is Sony famous for?

    Sony designs and sells electronic equipment, consumer electronics products, home entertainment products, mobile communication devices and imaging products and services.

    How did Sony get its name?

    Sony, which became the official name for the company in January 1958, was derived from the Latin word “sonus” (sound) and was conceived to be an international and not a Japanese term.

    Which country made Sony?

    Sony is a Japanese company.

    Why did Sony fail?

    The high price tag is undoubtedly a major flaw in Sony’s phones. They have poor battery life and charging speed. Low specs even for flagships. Poor sound quality and damn signal plus weird design.

    Who founded Sony?

    Sony was founded by Akio Morita and Masaru Ibuka in 1946.

    What was first product of Sony?

    The TR-55 was the first product to be labeled with the brand name as Sony.

  • 12 Interesting Facts about Apple You Never Knew Before

    Everyone is fascinated by the multimillion-dollar Apple company. The fact that no other electronics company has a fan base larger than Apple, is noteworthy. Apple is a brand, a symbol of high standard and elegance used by several pop stars. The exorbitant price tags of Apple products do not deter its customers from buying them.

    Read on to find out the hidden facts dug up from the archives of Apple’s past.

    People thought Apple sold organic products
    Steve Jobs primarily wanted the original iPhone to be used as a regular phone
    The First Apple Logo Featured Isaac Newton
    The Apple I Costed around $666.66
    Apple has a ‘No Smoking’ policy near its products
    The Name "Mac" Was Inspired by an Apple
    Apple is extremely successful
    Apple Watch was intended to be Rectangular
    Apple sold more watches in 2019 than the whole Swiss watch industry
    Apple made a $17,000 sold Gold Apple Watch
    The Name "iPod" Was Inspired By 2001: A Space Odyssey
    The First iPod Had A Secret Easter Egg
    FAQ

    People thought Apple sold organic products

    When the company had just launched, people thought the name ‘Apple’ came from founder Steve Jobs and resembles the organic product. In truth, it was only the fruit that Jobs was very fond of and named the company after that.

    Steve Jobs primarily wanted the original iPhone to be used as a regular phone

    Because of the ease of texting and social media integration, it’s not an exaggeration to say that the iPhone transformed cellphones into highly functional mini-computers. Although it may come as a surprise, the original iPhone was designed primarily as a phone.

    The absolute first Apple logo highlighted Sir Isaac Newton sitting under a tree, with an apple going to hit his head. The Newton logo was shaped by the less acknowledged Apple founder Ronald Wayne.

    Apple First Logo
    Apple First Logo

    The rainbow apple, planned by Rob Janoff, replaced Sir Isaac and was in use for a long time until the new monochromatic logo came out.

    The Apple I Costed around $666.66

    Apple’s customers aren’t deterred by its high prices. Apple PC prices have skyrocketed in recent years, causing concern among many apple buyers. Even today’s 17-inch MacBook Pro or MacBook Air are more expensive than the first Apple PC.

    Apple First Computer
    Apple First Computer

    The Apple I was evaluated at $666.66, as Steve Wozniak once clarified at a news conference, “I was into repeating digits,” he said and clarified that the discount cost to stores was $500, and adding a third to get the retail cost made it around $667, which Woz changed to every one of the one rehashing digit — $666.66 — “was only simpler to type.”

    Apple has a ‘No Smoking’ policy near its products

    Mac has a “no smoking” policy in regards to their PCs. As ludicrous as it sounds, yet if you smoke while using an Apple PC, you void the guarantee – you’ve been cautioned!. Apple has would not fix the PCs of buyers that were found to have tar soot from cigs, proclaiming it a “biohazard” to its employees.

    The Name “Mac” Was Inspired by an Apple

    Where did the name “Mac” come from? Apple representative Jef Raskin is liable for instituting the machine after his #1 assortment of apples, insightfully tying the entire natural product topic together. Mac was only a code-name.

    In any case, Raskin unmistakably knew a decent name when he generated it, as Macintosh just had a lot of strength and adhered right to the end of the product cycle.

    Apple is extremely successful

    Apple has twice the amount of cash as the U.S. Depository!. Apple is effective to such an extent that in the primary quarter of 2014, it got more cash flow than Amazon, Google, and Facebook consolidated. Around $150 billion of Apple’s excess capital is held in bank accounts. Netflix, Twitter, Tesla, and Facebook, for example, are all possible targets for acquisition by the organization.

    Apple Watch was intended to be Rectangular

    Apple Watch
    Apple Watch

    Round cases bode well for watches throughout the globe. Yet, Apple went the opposite way and made the Apple Watch rectangular. Until this point, Apple Watches have a rectangular touchscreen face with adjusted corners and a turning crown button for scrolling over.

    Apple sold more watches in 2019 than the whole Swiss watch industry

    The Apple Watch surpassed the whole Swiss watch industry in 2019, as per research firm Strategy Analytics. As indicated by the UK-based counseling firm Strategy Analytics, Apple sold 30.7 million watches in 2019, contrasted with 21.1 million sold by the Swiss Watch industry.

    Although Swiss watches are luxurious and have several buyers of their own, Apple watches have occupied a special place in the market.

    Apple made a $17,000 sold Gold Apple Watch

    Apple 18-Karat Gold Watch
    Apple 18-Karat Gold Watch

    Close by the original Apple Watch what began at $349, Apple additionally disclosed a watch evaluated at $17,000. The very good quality “Release”, was valued somewhere in the range of $10,000 and $17,000 and was produced using custom composites of rose or yellow 18-karat gold. The “Release” watch was designated at the Chinese market.

    The Name “iPod” Was Inspired By 2001: A Space Odyssey

    Sharp publicist Vinnie Chieco is acknowledged for thinking of the iPod name as a component of a new gadget. The story goes that Jobs had effectively chosen the MP3 player’s slogan was to be “1,000 tunes in your pocket,” which left naming choices open since it wouldn’t need to expressly allude to something music-related.

    The First iPod Had A Secret Easter Egg

    Apple Breakout Game
    Apple Breakout Game

    Mac’s first iPod accompanied somewhat secret — an Easter egg — as a game that could be gotten to if you knew the right blend of catches to press.

    Go to the ‘About’ menu, hold down the middle catch for around three seconds, and you’ll get a Breakout (Pong) game to play while you tune in.”

    Breakout, the secret game itself, is eminent in Apple’s set of experiences when Steve Jobs and Steve Wozniak worked together where legend has it Jobs cheated Wozniak out of thousands of dollars of bonus money.

    FAQ

    How much is Apple in debt?

    According to the Apple’s most recent financial statement, total debt of the company is at $112.04 billion, with $99.28 billion in long-term debt and $12.76 billion in current debt.

    What is Apple’s net worth?

    The total net worth of Apple is $2 Trillion in 2021.

    What is Apple’s slogan?

    Apple’s slogan is “Think Different” which is one of the most recognizable slogans of the 21st Century. The idea was first introduced in the 1997 TV commercial.

  • Most Popular TED Talks Of All Time That Are Worth More Than MBA

    There comes a time when you have to take a stand, and the most important thing you should remember is leadership skills. These things are not taught as separate subjects, so you have to learn from others’ experiences and from yours as well. That’s where leaders are born. In today’s world when leaders are emerging from every area, then you have to understand the role of leaders. And to become a great leader, doesn’t mean you have to go to a business school.

    Here’s when TEDx Talks come. A really good thing about TED Talks is that they have answers to all your queries from around the globe in different languages. So, are schools and universities killing creativity? What makes a great leader? How can I find happiness? Is your management style effective in leveraging creativity, productivity, and change?  In this article, we will share some popular Tedx Talks that will motivate you and inspire you.

    TEDx was created in the spirit of TED’s mission, “ideas worth spreading.” It supports independent organizers who want to create a TED-like event in their own community.

    Shawn Achor: “The Happy Secret to Better Work”
    Julian Treasure: “How to Speak So That People Want to Listen”
    Jason Fried: “Why Work Doesn’t Happen at Work”
    Tony Robbins: “Why You Do What You Do”
    Pamela Meyer: “How to Spot a Liar”
    Simon Sinek: “How Great Leaders Inspire Action”
    James Veitch: “This Is What Happens When You Reply to Spam Email”
    Steve Jobs: “How to Live Before You Die”
    Sam Richards: “A Radical Experiment in Empathy”
    Tim Harford: “Trial, Error, and the God Complex”
    Amy Cuddy: “Your Body Language Shapes Who You Are”
    Richard St. John: “8 Secrets of Success”
    Kelly McGonigal: “How to Make Stress Your Friend”
    Barry Schwartz: “The Paradox of Choice”
    Amanda Palmer: “The Art of Asking”

    Shawn Achor: “The Happy Secret to Better Work”

    Views – 3.7 Million

    The fact that our parents and guardians usually say: “If you study average, then you remain average.” Highlighting this theme, he says that we should rather study the outliners of moving that average to outstanding in the business world. He urges leaders to change the paradigm of seeing the business world as a place full of risks. Since 75% of job success relies on outlook, we need to reverse the formula of success and happiness. His sarcastic insights on how leaders can easily leverage the ‘happiness factor’ where your productivity is always top-notch.

    Julian Treasure: “How to Speak So That People Want to Listen”

    Views – 33 Million

    We often face a situation where we are talking but nobody is willing to listen. At some point, there’s a time when you’re talking, but nobody’s listening. Julian Treasure has an extreme knowledge of sound and communication skills in this Ted Talk he teaches everyone how to speak powerfully with the help of some vocal exercises and of course with the use of empathy.

    Jason Fried: “Why Work Doesn’t Happen at Work”

    Views – 1 Million

    Jason Fried is the founder and CEO of  BaseCamp. Work and sleep, are common: both suffer from interruption. So, does he compare work to sleep on the same basis? He makes a point that why do we expect people to work if they are interrupted all day at the office? However, the fun part was that not blaming the social world and technology as the two factors for productivity lag, he says managers and back-to-back meetings are the toxic disrupters. He asks companies to cut back on unnecessary interruptions and consider allotting them quiet time.

    Tony Robbins: “Why You Do What You Do”

    Views – 2 Million

    Life coach Tony Robbins says self-interest is the driving force of life, and not emotions. Leaders should understand human needs, so that they can appreciate workers and, this is what shapes their ability to contribute. The science of achievement is understood, but the art of fulfilment still lacks understanding. Robbins suggests that excuses for failing are futile, and the defining factor of success is resourcefulness. So, making decisions based on a focus, giving it some meaning, and producing an emotion that inspires action.

    Pamela Meyer: “How to Spot a Liar”

    Views – 22 Million

    Pamela Meyer, the author of Liespotting said on a single day we are lied to from 10 to 200 times. In her Ted, she talks about how to detect those lies through their mannerism and body language. She also speaks about how honesty is a value that must be preserved, she believes that with her talk she’ll be able to help people recognize the deception by others.

    Simon Sinek: “How Great Leaders Inspire Action”

    Views – 16 Million

    In this TED Revolutionary Talk, he said: “People don’t buy what you do, they buy why you do it.” He demonstrates via some powerful examples which include Apple, Martin Luther King Jr., and the Wright brothers in ‘How best leaders inspire their teammates to work hard.’ He talks about the hiring procedure of employees, Simon says that if you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood and sweat and tears. Simon Sinek has a simple but powerful model for inspirational leadership — starting with a golden circle and the question: “Why?”

    James Veitch: “This Is What Happens When You Reply to Spam Email”

    Views – 203K

    Once you step into the business world then there is a bombardment of spam emails and important emails, which are to be read. Suspicious emails: unclaimed insurance bonds, diamond-encrusted safe deposit boxes, close friends marooned in a foreign country. They pop up in our inboxes, and the standard procedure is to delete them on sight. But what happens when you reply? James Veitch shared his story of how a spammer offered him a good deal through emails.

    Steve Jobs: “How to Live Before You Die”

    Views – 246K

    This was Steve Jobs’ famous ‘commencement speech’ at Stanford University, where he addressed his background and the events that led him to start a new revolution of technology in the 21stcentury. He strongly urged his leaders to have faith in what they are pursuing, to take a leap of faith, and act individually. Steve Jobs championed taking risks, stating: “Death is very likely the single best invention of life. It is life’s change agent.”

    Sam Richards: “A Radical Experiment in Empathy”

    Views – 580K

    This is a radical and often misunderstood TED Talk about the importance of putting ourselves in others’ shoes. Sam Richards talks about when empathy is a quality of being a good person, then it is also key to being a great leader. It teaches us how to communicate properly and understand the people around us which includes our colleagues, peers, family and others. Communication is actually the key and one should never underestimate it.

    Tim Harford: “Trial, Error, and the God Complex”

    Views – 316k

    Tim Harford passes an atheist comment that how we blindly believe that God or the Supreme Power controlling this universe is not always right. Tim strongly urges people to abandon God. Often the method of trial and error produces variants that work, and we have no idea why. He argues that working to solve issues systematically is optimal. He also recommends leaders abstain from “laying down the law” and encourages them to admit when they’re wrong.

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    Amy Cuddy: “Your Body Language Shapes Who You Are”

    Views – 21 Million

    “Body language affects how others see you, but it may also change how you see yourself.” Social psychologist Amy Cuddy believes our body language is the key to self-confidence. Even if we feel under-confident our body posture can ooze out the confidence we need at that moment. She also states on her Ted that we have the power to change a person’s through our body language and once someone learns to do that it becomes easy to achieve success.

    Richard St. John: “8 Secrets of Success”

    Views – 3 Million

    One of the shortest and the most popular TED Talks of all time, John talks about the top 8 secrets to business success at breakneck speed. The revealing secrets turn out, to be nearly as secretive as we may have believed. Sometimes, even the obvious needs to be stated. This 3-minute video is jam-packed with useful information.

    Kelly McGonigal: “How to Make Stress Your Friend”

    Views – 13 Million

    Psychologist Kelly McGonigal said in her Ted Talk that, stress is a feeling that we all are familiar with. Stress is called an enemy of public health however research suggested that stress can harm us only when we allow it to harm us. Apart from that she also, suggests seeing stress as something positive instead of a negative feeling that can harm us and believes that it will make our path to success a lot easier.

    Barry Schwartz: “The Paradox of Choice”

    Views – 5.2 Million

    Barry Schwartz, a psychologist by profession,  is smart, and it can be clearly seen when he takes the stage. He easily tackles the way we all think, he confidently assesses the surest of human freedoms: the freedom of choice. While our many decisions seem to give us all the opportunities we could want, we’re actually paralyzed. In his Ted Talk, he questions, if we are paralyzing our customers.

    Amanda Palmer: “The Art of Asking”

    Views – 6 Million

    Amanda is a self-proclaimed freak with an interesting past. She has completed her education in liberal arts and has worked for 5 years as a self-employed street statue. While working in the music industry and receiving success for her hard work she got to know about marketing techniques. She asks everyone to follow this marketing technique that is don’t charge money for music–just ask for it.

    Conclusion

    TED Talks inspire business leaders to take leaps in their steps which will create an impact, to achieve the success they have been dreaming about. Since TEDx Talks offer valuable insights, then believe this: TED Ideas are worth spreading!
    You can emerge as an effective trailblazer in your office by being true to yourself and constantly learning from the information that is at your fingertips.

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    FAQs

    What is a TED talk stand for?

    TED stands for Technology, Entertainment, Design — three broad subject areas that are collectively shaping our world. But a TED conference is broader still, showcasing important research and ideas from all disciplines and exploring how they connect.

    Are TED Talks free to attend?

    Free. A large number of talks from any TED conference will appear later in the year on TED.com. All videos on the site are absolutely free.

    What makes Ted effective?

    A TED Talk is digestible and focused, and acts as an opportunity for personal development. Todd Liipfert, TEC’s Development Director and frequent public speaker explains that the inherent focus of a TED Talk is a key learning that can be applied when presenting at work.

  • Apple vs. Samsung: A Case Study on the Biggest Tech Rivalry

    Humans are amazing animals, I mean we are smart and can do almost anything. Be it flying, cooking, innovating, and even revolutionizing the whole world with unbelievable technology. Think about this, the first computer was built in 1822, by a smart human called Charles Babbage. It used to have vacuum tubes and large compartments for storage. We have grown from that time at a rapid scale and efficiency, we have seen multifold growth in technology.

    So much so, that the computer that once occupied a whole room by itself, now sits in your hand. Moreover, it just sits on our palms for a long time now as our screen times jump.

    The smartphone industry has grown and has become one of the biggest industries in the world. Right now, there is a smartphone user base in the billions. This growth has led to the establishment of smartphone giants. Behemoth organizations like Apple and Samsung.

    We all have that friend who is an ardent fan of apple, and we all have got a friend too who is always in love with Samsung. This takes us back to the smartphone war that has continued since time immemorial. The android vs apple war. This disparity in demographics is a good indicator of the product market. The user market is much skewed in different directions.

    This article is the dissection of the silent raging war between Apple and Samsung. Read on to discover stories and not many known facts about the tech hulks.

    Apple
    Apple Product Line
    Samsung
    The Rivalry Inception of Samsung and Apple
    How Samsung and Apple Turned From Friends to Foe
    The Billion Dollar Samsung Apple Lawsuit
    The Court Rule and Afterwards
    FAQ

    Apple

    It’s not a necessity to introduce Apple. The reason is that it is already a brand, a valuable brand which has managed to make a place in the hearts of people all around the world. That also explains why the company has no ‘about us’ section on its website.

    Apple is the brainchild of Steve Jobs. It is an American multinational company specializing in consumer products in the tech line. The company is the biggest technology company with its magnanimous revenues and the most valuable company in the world. That too started from a garage and managed to become the most recognizable company in the world. It has been revolutionizing personal tech for decades.

    Apple Product Line

    Apple 1 was the first computer handmade by Steve Wozniak (Apple co-founder) under the name Apple in 1976. It was a computer encased in a wooden block. Then followed by Apple 2 which was more successful than the predecessor. After the success, they faced good losses in the fall of Apple 3. It faced overheating issues.

    After seeing such failure they started to work on innovating something new. To come out of this deep pit, Something that will hopefully revolutionize personal computing.

    They began to work on the Macintosh. It was their first computer that supported GUI or Graphic user interface, which allows the user to communicate with the computer in graphical mode. Launched the Macintosh in 1980 and this began the winning strike for apple.

    Steve Jobs with John Sculley
    Steve Jobs with John Sculley

    It was in 1983 when Steve Jobs famously asked Pepsi CEO John Sculley to be Apple’s next CEO or if he wanted to “sell sugared water for the rest of his life or change the world? ” The relationship went bad later.

    To remove him, Steve initiated a move that backfired and ended up removing himself from the board. The company saw good growth under the leadership of Sculley until he was removed because of some failed products.

    Later Apple bought ‘Next’ which was founded by Steve Jobs bringing him back as an advisor. He immediately trimmed most of the product density in Apple and made the company as slim as possible and launched new sleek products.

    Steve Jobs with the First iPhone
    Steve Jobs with the First iPhone

    He worked secretly on the first iPhone and launched it in 2007. It was an instant hit. Since then, iPhones have been the most popular phones in the world. A major part of Apple’s revenue comes from them.

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    Samsung

    The Samsung that we know today, wasn’t this when it started. It has gone through enormous shifts. Surprisingly, the company was not even in the technology business at its inception in 1938. It was a small company dealing in fried fish and noodles. In the 60s it entered the smartphone segment and today is the largest manufacturer of smartphones, televisions, and memory chips in the world.

    In 1938, Lee Byung-Chul dropped out of college and founded a small business he named Samsung Trading Co. The initial corporate logo had three stars and was based on a graphical representation of the Korean Hanja word Samsung. It operated with the same Japanese culture as every corporate body, the employees did as they were told.

    Soon with a good culture and with government assistance it entered domains like sugar refining, media, textiles, and insurance and became a success. So at this time, it was in good economic condition.

    After the succession of third heir Kun-hee, the company saw an opportunity in technology and he invested heavily in semiconductor technologies and transformed Samsung from a manufacturer into a global technology powerhouse.

    After Kun’s death, his easy-going son succeeded to the throne and began investing more in smartphones and more in tech. Later the company saw the most profits from smartphone sales. The most famous Samsung phones are Galaxy, after the first launch in 2009. During the third quarter of 2011, Samsung surged past Apple to the number one spot among phone manufacturers, based on shipments.

    Samsung, as it saw handsome revenues in the smartphones segment, mocked Apple in many ways. You can still see those commercials on YouTube. So did Apple. They released commercials that defame other pioneer brands openly. This makes the rivalry public and leads to polarisation in the market. Let us discuss it in further detail.

    The Rivalry Inception of Samsung and Apple

    As the smartphone market and the hype around this continues to grow, smartphone leaders fight for greater dominance in this segment of the product. Behemoth organizations Samsung and Apple are the pioneers in this segment and one of the most famous rivals in the world. They not only fight for a greater market share but the main rivalry is a little off topic, it is a long legal battle into dark plagiarism.

    Samsung not only competes with Apple in the notebook, tablets, and smartphones market, It also supplies Apple with crucial items for iPhones like OLED display and flash drive memory chip for storage. The Samsung we know today has not been constant as we consider its long history.

    In the 80s the company was primarily focused on the semiconductor business. Apple was one of Samsung’s largest buyers, ordering billions of dollars of parts for electronic devices. Its CEO at that time did meet several times with Steve jobs for advice or negotiations. The two companies had friendly relations with each other. Until something happened.

    In 2007 the first iPhone was unveiled to the world. Two years later, in 2009 Samsung came up with a touchscreen device for their market running on Google’s android system. Apple CEO Steve Jobs called Samsung a Copycat. ‘POOF’. Apple filed a lawsuit against Samsung. The rivalry began.

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    How Samsung and Apple Turned From Friends to Foe

    According to Walter Issacson, Steve’s biographer, He wanted to start a thermonuclear war against Android in this case of plagiarism and copying apple’s authenticity. From that event, Samsung dared from being a supplier of technological equipment to a competitor in market share. It went from being an ally to a fierce enemy.

    Apple was extremely infuriated with this and dragged the matter into court, showcasing that the company is super sensitive about this issue. It filed a lawsuit against Samsung in serious violations of patents and trademarks of Apple’s property rights.

    However, the court case wasn’t the first guard of Apple against Samsung. Both the companies Apple and Samsung had a long history of cooperation, so Apple first thought of talking the matter out rather than taking the case to court.

    Apple proposed a licensing deal for Samsung for the patents and trademarks. The document stated that Samsung will pay 30$ on selling every smartphone and 40$ on every tablet.

    Samsung ofcourse declined the offer, stating that the company hasn’t done anything wrong and is not involved in copying Apple or violating any of the trademarks mentioned in the lawsuit. Not only this, Samsung reversed the licensing agreement onto Apple stating that they are the ones who are copying. This began the row of court cases by these tech hulks against each other.

    The lawsuit filed by Apple was specific about the number of patents and the type of patents Samsung violated, let us discuss a little about the violations Apple mentioned.

    The Billion Dollar Samsung Apple Lawsuit

    The first lawsuit demanded 2.5 billion dollars in damages from Samsung. So we can assume it wasn’t a normal lawsuit. Apple was very serious about their smartphone launch and now with this case too. Samsung however seemed like it was ignoring Apple’s claims of plagiarism and trying to put the burden on Apple themselves.

    Trade Dress

    It is a visual form of patent, that deals with the visual and overall look of a product. Sometimes companies copy some famous brand’s product look and hope to generate sales. As people tend no not to look about details of a product, rather they just pick up based on the appearance of something. It instills confusion in consumers. Samsung Galaxy phone was the first touchscreen phone in the Samsung product line and it looked mostly the same as the newly launched iPhone.

    Trademark Infringement

    Apple Samsung Design Similarity
    Apple Samsung Design Similarity

    While Samsung could argue on the physical appearance being similar with iPhone but another thing the lawsuit included was trademark infringement. The icons on the iPhone were strikingly similar to those in Samsung’s phone. This turns the eyebrows up for Samsung. As there can be thousands of ways of designing icons and GUI effects, Samsung chose in most cases icons similar to that of the iPhone.

    Other than these the lawsuit also concluded the methods of copying of the home screen, the design of the front button, and the outlook of the app’s menu. All these were some specific irks for Samsung.

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    The Court Rule and Afterwards

    The case began in 2011 and went on to go worldwide. By July 2012, the two companies were still tangled in more than 50 lawsuits around the globe, with billions of dollars in damages claimed between them.

    Hearing both sides, the law court ruled in the favour of Apple. The basis was their legitimate concerns about their product being copied in the open market. Samsung paid $1 billion in compensation to the iPhone designer.

    “I am talking to you on a phone right now that Apple just copied,” said Brian Wallace, Samsung’s former vice president for strategic marketing. “It’s a giant phone that Steve Jobs made fun of. Who was right? Samsung was right.”

    After this and all the cases in between this first court case, Samsung didn’t stay shut. It widely talked against Apple and filed lawsuits claiming infringements of their company policies and patents. These behemoths fought each other like wild animals. Suffering millions on each side, Tore each other apart in claims.

    Conclusion

    Apple claimed that Samsung had copied the iPhone, leading to a long-running series of lawsuits that were only finally resolved in 2018, with Apple being awarded US$539 million. Issues between the two companies continue. They are now perhaps best described as ‘frenemies’.

    While tech hulks like these two fight for global dominance and the crown of the most innovative technology pioneer, it is sure that smartphones are a hot topic. It seems like everyone wants the latest phone to set a trend. From the latest Samsung foldable phone to the iPhones sold as a jewel. This market kind of seems like a fashion innovation.

    Apple and Samsung will most probably rule until someone innovates in between. Whatever it will be, humans are fascinated and the future is exciting.

    FAQ

    Who won the Samsung Apple lawsuit?

    Apple won the patent dispute against Samsung and was awarded $1.049 billion in damages for 6 of the 7 patents brought to bear.

    Why did Apple sue Samsung?

    Apple initially sued Samsung on grounds of patent infringement.

    Who launched first smartphone Apple or Samsung?

    Apple iPhone was launched in 2007 and two years later, in 2009, Samsung released their first Galaxy phone on the same date.