Contrary to popular belief, Apple didn’t started in a garage. They made their first products in the bedroom of 11161 Crist Drive, Los Altos, the home of Steve Jobs’ foster parents. In 1983, the number of the single-storey house was changed to 2066 when the land on which it stood was annexed by the city from the county.
The company’s first product was the Apple I computer. Fifty of these were created by Steve Wozniak in the bedroom and sold for $500 each to Paul Jay Terrell’s Byte Shop.
Apple App Store now gets 92% of the revenue from in-App purchases of free apps. [more...]