An Apple I (NASDAQ:AAPL) Computer at Auction
An original Apple I, the 1st model of computer developed by Steve Jobs and Steve Wozniak will go on the block at Christie’s of London, where it’s expected to fetch up to £80,000 (US$127,000).
That’s about 190 times the original price of US$666.66 making the Apple I an amazing investment, as well as the 1st computer on the market with a pre-assembled motherboard.
Prior to Apple 1, hobbyists who bought such machines had to put their computing components together themselves.
Messrs Jobs and Wozniak created the Apple I in Y 1976, working by hand. They financed the project with the proceeds from the sale of Jobs’ VW van and Wozniak’s HP-65 calculator. About 200 units were made, and were sent to buyers from Jobs’ parents’ garage in Palo Alto, CA.
The Apple I came without a keyboard, case, monitor, or power supply. It contained 4KB of memory, expandable to 8KB or 48KB with external cards; by contrast the latest iPod boasts 64 GB. At the time the storage capacity was exceptional.
The computer, to be sold at Christie’s on 9 October comes from the estate of Joe Copson, who once worked at Apple, now the most valuable company in the world.
Christie’s previously sold an Apple I for £130,000 (US$210,000); the price was enhanced by the presence of the original packaging and a signed sales letter from Jobs.
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Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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