April 15, 1981: Apple CEO Mike Markkula defends the struggling Apple III computer with a surprisingly straightforward admission. The comment comes even as the company pushes an unorthodox “fix” for the Apple III motherboard, which tends to overheat due to a questionable design.

“It would be dishonest for me to sit here and say that it’s perfect,” Markkula tells The Wall Street Journal, after critics blast the new computer for its overheating motherboard. Apple’s official solution to the problem? Ask users to drop their Apple III from a height of 6 inches to reseat the chips.

April 12, 1976: Apple’s third co-founder, a former Atari colleague of Steve Wozniak’s named Ron Wayne, cashes in his Apple shares for just $800.

Wayne, who owns a 10% stake in the company, throws in the towel after worrying that he doesn’t have the time or energy to properly invest in Apple. He later receives an extra $1,500 check to seal the deal. When he cashes it, he loses out on an investment that could have been worth billions.

“I was 40 and these kids were in their 20s,” Wayne told Cult of Mac decades later, referring to Apple co-founders Wozniak and Steve Jobs. “They were whirlwinds — it was like having a tiger by the tail. If I had stayed with Apple, I probably would have wound up the richest man in the cemetery.”

April 11, 1976: Apple releases its first computer, the Apple-1.

Designed and hand-built by Steve Wozniak, the computers are sold wholesale by “Steven” Jobs. To finance their manufacturing, Wozniak sells his HP-65 calculator for $500, while Jobs sells his Volkswagen van.

April 4, 1975: Microsoft is founded by childhood friends Bill Gates and Paul Allen. The software company destined to become a tech behemoth — and a major Apple frenemy.

A few years later, Microsoft will break through to the mainstream with Excel and Word, becoming a key developer of Macintosh software. Then comes the Windows operating system, looking suspiciously Apple-like. After Windows arrives, Microsoft and Apple will embark upon a long-running feud.

Visitors to Apple.com Wednesday saw something unlike anything the company has displayed in recent memory: a full-screen takeover on its homepage featuring the iconic six-stripe rainbow Apple logo, the words “50 Years of Thinking Different,” and a quiet, elegant animation befitting a company that has always let its design do the talking.

As Apple turns 50, it’s worth looking back on the company’s greatest accomplishments and lowest moments through history. If you don’t have time for David Pogue’s 600-page epic, Apple: The First 50 Years, maybe you can spare eight minutes to relive the single biggest piece of Apple news every year. 

You can watch 50 years of Apple announcements compressed into a single video. Or, keep reading below for a quick rundown.

April 1 marks a milestone: Apple turns 50. Half a century after Steve Jobs, Steve Wozniak and Ronald Wayne signed the papers in a California garage, Apple has become one of the most valuable companies on Earth — and one of the most design-obsessed in history.

And lucky for gear fans, some of its brilliant products inspired other companies to make some great retro-futuristic Apple accessories.

Apple produced an amazing string of hit products over its 50 years, but to paraphrase Napoleon the pig: Some are more important than others.

Here are the most important products in Apple’s 50-year history. And no, this list is likely not what you were expecting. They’re not necessarily the biggest or the most well-known.

March 30, 2006: A court case begins that once again pits Apple Computer against Apple Corps, The Beatles’ record label and holding company.

The lawsuit caps a long-running legal battle between the two wealthy companies. It’s the final fight in an epic legal battle over music, technology and money.

Apple’s history is often distilled into the “Jobs and Woz” garage origin story and the slick modern era of design legend Jony Ive and current CEO Tim Cook. But a group of critical, often overlooked contributors actually forged the company’s 50-year arc. Here are 16 unsung heroes from Apple’s first 50 years — some of the most important “geniuses” and original thinkers behind Apple’s success.

“It doesn’t make sense to hire smart people and then tell them what to do,” Steve Jobs once said. “We hire smart people so they can tell us what to do.”