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LOOK BACK: Apple's road to a $1 trillion enterprise

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/08/03/speaker.jpg"/><figcaption>Tim Cook, CEO of Apple, speaks as a tribute video to the late Apple co-founder Steve Jobs plays behind him during a product launch event in Cupertino, California, US September 12, 2017. Stephen Lam, Reuters</figcaption></figure></div>SAN FRANCISCO -- Launched on a shoestring budget in a Silicon Valley garage more than four decades ago, Apple survived a near-miss with bankruptcy before soaring to a trillion-dollar market value on Thursday.The California-based company born of a friendship between Steve Wozniak and the late Steve Jobs is credited with giving rise to smartphone lifestyles and &quot;apps&quot; for nearly everything.<div>Here are some of the milestones in Apple&#x27;s history:</div>April 1976: Jobs, Wozniak and Ronald Wayne create Apple Computer to sell an eponymous computer hand-built by Wozniak. The company is incorporated the following year.January 1984: Apple heralds the arrival of its first Macintosh computer with a &quot;1984&quot; television commercial directed by Ridley Scott portraying a bold blow struck against an Orwellian computer culture.September 1985: Jobs leaves Apple after a power struggle with chief executive John Sculley. Wozniak also departs.1990s: Competitive pressure from lower-priced personal computers from Microsoft running on Windows software, and some failed products, puts a financial squeeze on Apple, which cuts staff and changes top executives.September 1997: Jobs returns as chief executive as the company teeters near bankruptcy. Microsoft helps Apple survive with a $150 million investment.August 1998: Apple releases the all-in-one iMac computer.October 2001: Apple unveils the iPod and opens its first real-world shops.April 2003: Apple opens its online iTunes store for digital content, pricing music at 99 cents per song for iPods.June 2007: Apple unveils the iPhone.July 2008: Apple launches the online App Store to sell applications for the iPhone and iPod Touch. January 2010: Apple introduces the iPad.October 2011: Jobs, 56, dies after battling pancreatic cancer, having turned over command of Apple to Tim Cook earlier in the year.September 2014: Apple introduces the Apple Watch.June 2015: Apple Music streaming service launches including internet radio from Beats, a startup Apple bought the prior year in a deal valued at $3 billion.January 2016: Apple announces that more than a billion of its devices are in use around the world.August 2018: Apple surpasses $1 trillion in stock market value.<div> © Agence France-Presse</div>

The California-based company born of a friendship between Steve Wozniak and the late Steve Jobs is credited with giving rise to smartphone lifestyles and "apps" for nearly everything.

The California-based company born of a friendship between Steve Wozniak and the late Steve Jobs is credited with giving rise to smartphone lifestyles and "apps" for nearly everything.