Today in Apple history: Apple becomes a corporation

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money
Apple was incorporated 40 years ago today.
Photo: Ste Smith/Cult of Mac/401Calculator

January 3: Today in Apple history: Apple becomes a corporation January 3, 1977: Apple Computer Co. is officially incorporated, with Steve Jobs and Steve Wozniak listed as co-founders.

Third Apple founder Ron Wayne — who initially invested in the company — is not part of the deal, after selling back his share in Apple for $800. The funding and expertise needed to turn Apple into a corporation is provided by a man named Mike Markkula, who becomes an important figure in Apple history.

Today in Apple history: The Byte Shop, Apple’s first retailer, opens

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Paul Terrell founded The Byte Shop on his birthday.
Paul Terrell founded The Byte Shop on his birthday.
Photo: NextShark/Paul Terrell

December 8: Today in Apple history: Early computer store The Byte Shop, Apple's first retailer, opens December 8, 1975: San Francisco Bay Area entrepreneur Paul Terrell opens The Byte Shop, one of the world’s first computer stores and the first to sell an Apple computer.

Years before Apple would open its own retail outlets, the Byte Shop stocks the first 50 Apple-1 computers built by Steve Jobs and Steve Wozniak.

Today in Apple history: Apple co-founder quits and cashes in his stake for $800

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Ron Wayne: today, and when he co-founded Apple in 1976
Ron Wayne today and when he co-founded Apple in 1976.
Photo: Ron Wayne

April 12: Today in Apple history: Apple co-founder Ron Wayne quits and cashes in his stake for $800 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 percent 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 worth billions.

Today in Apple history: Apple is founded by Steve Jobs, Woz and Ron Wayne

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Apple logo
The original Apple logo, designed by Ron Wayne.
Photo: Apple

April 1: Today in Apple history: Apple founded by Steve Jobs, Steve Wozniak and Ron Wayne April 1, 1976: The Apple Computer Company gets its start as founders Steve Jobs, Steve Wozniak and Ronald Wayne set out to sell the $666 Apple-1 computer.

Apple will not officially become a corporation until January 3 the following year, by which time Wayne is no longer a part of the business.

The secret lives of iPhone factory workers, this week on The CultCast

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This week: an iPhone factory mole tells all.
This week: an iPhone factory mole tells all.

This week on The CultCast: Official new Nvidia drivers make your Mac compatible with the best GPUs on the market! Plus: A mole gives us our best look yet at what it’s really like to work in an iPhone factory; Apple’s working on a “breakthrough” diabetes treatment with the Apple Watch; and the saga of Ron Wayne, the forgotten Apple co-founder who traded his $22 billion of Apple stock for just $800.

Our thanks to Casper, maker of the internet’s favorite mattress, for supporting this episode. Learn why and save $50 off your order at casper.com/cultcast.

ICYMI: Oddly uplifting – This Apple co-founder sold his stake for $800

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More great stories and features from your buddies right here at Cult of Mac. Cover Design: Rob LeFebvre/Cult of Mac
More great stories and features from your buddies right here at Cult of Mac. Cover Design: Rob LeFebvre/Cult of Mac

This week: the oddly uplifting tale of Apple co-founder Ron Wayne, who sold his stake in the company for $800. Plus, road-ready gifts for bicyclists, killer Vainglory strategy guide, and awesome iOS 8 widgets you won’t want to miss. That and more in this week’s Cult of Mac Magazine!

Dig into Cult of Mac Magazine December 5 Edition, Free on iTunes

The oddly uplifting story of the Apple co-founder who sold his stake for $800

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Ron Wayne's archive will go up for auction this month. Photo: Christie's
Apple co-founder Ron Wayne's archive will go up for auction this month. Photo: Christie's

In a universe where things worked out a bit differently, Ronald Wayne would be a billionaire.

When Apple was incorporated on April 2, 1976, Wayne was named alongside Steve Jobs and Steve Wozniak as one of three founders. Wayne owned a 10 percent stake in the company.

However, just 12 days after Apple started up — feeling out of his depth because he “was standing in the shadow of intellectual giants” — Wayne threw in the towel and sold his shares for just $800.

You Will Never See A More Beautiful iPad Case Than This Stunning Leather Folio [Gallery]

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Featuring the original Apple logo designed by Ron Wayne, this iPad case is fit for kings.
Featuring the original Apple logo designed by Ron Wayne, this iPad case is fit for kings.

Holy crap. Check out this amazing custom iPad cover Redditor 44 Oz. had made for him by Australian-based leatherworking firm High On Glue, made with premium leather, suede lining, a kangaroo leather spine and embossed with the original Apple logo designed by Ron Wayne back in 1976, featuring Sir Isaac Newton resting under an Apple tree.

I don’t usually like folio-style cases, but I’m sliming myself with thick ropes of drool here. Covetous ropes of drool. This is a thing of beauty. Beat the rush and go give High On Glue your business, they’re going to be backed-up for months after this case goes viral.

More images below.