April 1, 1976 was the day I reported to military boot camp in Leipheim, Germany. I was a 19-year-old boy and the service was my first real job. No man ever forgets the day he goes into the military. I remember it fondly.
On April 1, 1976, that very same day, on the other side of the world, in a garage in Palo Alto, California, another boy, this one 20 years old, by the name of Steve Jobs, along with this engineer friend Steve Wozniak, founded Apple Computer.
Four years later the military discharged me, and I got ready to go to college, for math and computer science.
Four years later, on December 12, 1980, Apple launched its IPO, selling 4.6 million shares at $22 per share. The shares sold out almost immediately and the IPO generated more capital than any IPO since Ford Motor Company in 1956. Apple was worth $1.2 billion.
Then in 1997, Apple was on the brink of bankruptcy. Microsoft and its many partners in the personal-computer market were eating Apple’s lunch. Then they called back Steve Jobs.
Today, 42 years and 4 months later, exactly 15,554 days after that auspicious day of April 1, 1976, Apple became the first company in history to reach a market cap of $1 trillion. Nobody had ever reached that before. Exxon, which for decades was the most valuable company on the planet, is at $338 billion today, almost exactly a third of Apple’s value.
Congratulations, Apple. You are an inspiration to all entrepreneurs, and I must admit there have been many crossroads in my career and the life of my own company when I found myself asking: What would Apple do now?