The Woz responds to Apple's $1 trillion+ valuation

The Woz responds to Apple's $1 trillion+ valuation
Earlier this morning, Apple became the first public company in the U.S. to hit a valuation of $1 trillion. Tragically, co-founder Steve Jobs isn't around to see his baby hit this landmark. However, the other co-founding Steve is alive and well and is currently in Jeddah, Saudi Arabia. Steve Wozniak said that he is aware of Apple's record setting valuation, and stated that he is "proud" of the company.

But in his typical humble fashion, the Woz added that he doesn't "measure the world by human simplifications like round numbers. A company is great because it is great," he said today. Wozniak left Apple in 1985, although he is still an employee on the payroll (the check is small, says the Woz).

We know that you're probably wondering whether Wozniak still owns any Apple shares, and the answer is yes. But he has reduced his holdings over the years. At the time of the IPO in 1980, the Woz owned 7.9% of Apple, which means that had he not sold some shares over the years, his Apple stake would be a worth a cool $79 billion today. As it is, the Woz is reportedly worth $100 million which makes him a wealthy success in anyone's book. Plus, he's a really nice guy to boot. And Wozniak loves devices; in that regard, he's one of us. Over the years, we've seen him with various Android handsets (at least until the iPhone 6 launched). And he keeps current. Referring to Facebook's Cambridge Analytical scandal, Wozniak said "We (Apple) are a company based on great products, and we don’t have to invade your privacy to do it."

Wozniak cites the return of Jobs to Apple in 1997 as the key to the company's surge in valuation. A more mature Jobs than the one who was fired by John Sculley rolled out a series of successful devices that might never be repeated. From the iMac to the iPod (the product that Wozniak said really started the huge rally in the stock), followed by the iPhone and the iPad, Apple became a Wall Street darling. And if anything, current CEO Tim Cook has kept the company on a steady course, deviating from Jobs' playbook when necessary.

But none of this would have happened if Steve Wozniak didn't build that first Apple I circuit board, and if Steve Jobs didn't sell the heck out of it. One trillion dollars later, here we are.

source: Yahoo

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27 Comments

1. toukale

Posts: 672; Member since: Jun 10, 2015

i wonder if he regrets selling his holdings in Apple.

2. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

Nahhh, no way he regrets being worth 100 million, instead of 79 billion...nahhhhhhh.

3. legiloca

Posts: 1676; Member since: Nov 11, 2014

79 Billion?? I'll take 1 Billion for myself, the rest I will donate to the poor countries. That's if it's me tho of course..

4. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

Don’t strain a muscle while patting yourself on the back.

5. legiloca

Posts: 1676; Member since: Nov 11, 2014

my comment isn't intended to offend anyone soo... excuse me?

9. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

I got your meaning bro. He’s just a hashtag.

12. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

It’s actually a bit scary you didn’t understand my point, but I’ll attempt to clarify; there was and is no reason to state what you would do benevolence wise, if you had a certain amount of money. Just do it, should the opportunity present itself. Don’t tell anyone, just do the act.

32. domfonusr

Posts: 1101; Member since: Jan 17, 2014

Holy moley, I actually agree with apple-rulz on something... let not the left hand know what the right hand doeth...

8. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

I’d take half honestly, and personally apply the rest to help people. I honestly do not trust charities, so I’d do like Le’Bron James, and go hands on.

13. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

And I’m sure you’d be here telling everyone what a swell guy you are for donating/giving money. Heck you’d probably have yourself filmed for your YouTube channel handing a homeless person a wad of cash. I mean, what good is giving if nobody else knows about it, right? Stupid f-cking clown.

14. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

I love how mad I make you lol. Getting under your skin is funny. Say I don’t all you want, but your posts tell a different tale lol. More to come. #justwait.

15. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

You don’t get me mad, all I feel for you is pity because you get so upset when I don’t acknowledge you, so I figured I’d give you a break. You’re a pathetic old man whose sole ambition in life was buying a used Corvette and making a lame YouTube channel about it. Here I’ll even upvote your last comment so you feel better and get the attention you so desperately crave.

16. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

Yeah, you’re mad lol. The more you try to deny it, the easier it is to see it. I can’t wait to read your next post. Lol.

18. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

Well here it is, my next post. As usual you pull out the “make you mad” when you’ve been stung by the truth. Now go on, reply to this with how I’m so mad, and you got me shook, etc, etc. Sad old man you are, has reached the pinnacle of life and is so depressed he seeks validation on Phonearena. Here I’ll give your last post a +1 too, just so you sleep easier.

27. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

Awwww lol. The baby’s mad at him daddy. Want a binky?

17. sissy246

Posts: 7129; Member since: Mar 04, 2015

LMAO....

26. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

Sissy, he’s showing his anger lol. He can try all he wants not to, but I royally piss that troll off. :)

20. Y.S.L..

Posts: 232; Member since: Jul 03, 2018

The problem is that you don't want to argue with him. And if you do you know you will be sent away as in you will be. Limited banned for a week. That's what scares you. Neither did you get him upset or get under his skin. Please try to rebuttal him, instead off twisting words around which means nothing. He actually hot the nerve, but I know you ain't gonna so nothing, knowing that you are more concerned about PA sending you to Africa for a week. Lmao come on Darkk. Don't be a cat.

28. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

You don’t even matter lol. As soon as PA spots who you actually are, you’ll be banned for the 55th time. And I’d love to go visit Africa, please don’t think you’re insulting me by saying that...you’re not. Vegas will always be home though.

31. Penny

Posts: 1871; Member since: Feb 04, 2011

@apple-rulz Going online to point out people that are "not swell" guys is no hallmark of a "swell guy." Your act of trying to validate yourself by publicly putting someone else down is no better than someone who donates publicly. In fact, at least something good is coming of their actions.

25. Nine1Sickness

Posts: 896; Member since: Jan 30, 2011

No thanks. I’ll take 1 Billion, and use the rest for scratch off lottery tickets.

6. emjoigently

Posts: 154; Member since: Aug 22, 2017

Does it matter whether you have 100 million or 79 billion? It's all the money you could ever need either way.

7. Finalflash

Posts: 4063; Member since: Jul 23, 2013

You'd be surprised at the greed of certain people. Woz would be fine though.

10. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

Right.

11. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

It matters to me, if given the choice.

29. Sakeem

Posts: 865; Member since: Sep 05, 2012

I don't know Darkk. A wise man once said..."mo money mo problems.."

30. darkkjedii

Posts: 31763; Member since: Feb 05, 2011

True, but give me mo money lol

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