Steve Jobs: Impact on Economy

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Steve Jobs: Impact On Economy

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One of the most financially successful innovative enterprises in the United States or maybe even the world would be Apple, Inc. Steve Paul Jobs co-founded the company in 1976. Although having many difficulties with his own company Jobs left a legacy, 'The iPhone'. Letting you experience foreshadowed the future of the smartphone as a tool for creativity and invention and something to be desired by almost everybody, not just gadget geeks. Although being 'widely recognized as a pioneer of the microcomputer revolution of the 1970s and 1980s...'. The free enterprise system helped Steve Jobs make an impact in the business world with the devices he created. Apple's most obvious impact has been in the consumer market.

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When Steve Jobs started Apple he partnered with Steve Wozniak 'both having sort of an independent attitude towards life. Although being great partners with Wozniack, Steve Jobs resigned as chairman of Apple computer on September 16, 1985. Steve Jobs had other plans he was busy working on the Macintosh. Jobs had several companies following Apple. He was chairman and majority shareholder of Pixar and the founder, chairman, and CEO of NeXT. After 12 years Apple merged with NeXT, and within a few months, steve jobs became CEO of his former company.

Before Merging with NeXT, apple which had been on the verge of bankruptcy steve was responsible for revenging the company. Jobs worked with designer Jony Ive developing a new line of products that had larger cultural ramifications, beginning in 1997 with the ' Think Differently advertising campaign and leading to the iMac, iTunes, Tunes Store, Apple Store, iPod, iPhone, App Store, and the iPad. In 2001, the original Mac OS was replaced with a completely new Mac OS X, based on NeXT's NeXTSTEP platform, giving the OS a modern Unix-based foundation for the first time.

Steve Jobs was highly recognized as a pioneer of the microcomputer revolution of the 1970s and 1980s, creating and developing the first computers. Before leaving Apple Steve Jobs released the iPhone, iMac computer, iPod, iPad. He then returned to Apple, after merging with his company NeXT, and became CEO within a few months. Finally, he released the 'iPhone, and that would make Apple a household name to this day.

In conclusion, the free enterprise system allows individuals like Steve Jobs to make an impact on the economy but for steve jobs, it was in the consumer market. Returning to Apple and releasing the iPhone, now the phone is wanted by everyone. This kind of system is helpful to people with great ideas. Letting them create new companies to provide better products for consumers, allowing them to create their pricing for their product and not the government. It lets the producers decide how much they need to produce.

Works cited

  1. Bajarin, T. (2016). The Impact of Steve Jobs on the Consumer Electronics Industry. Time. Retrieved from
  2. Isaacson, W. (2011). Steve Jobs. Simon & Schuster.
  3. Lashinsky, A. (2012). Inside Apple: How America's Most Admired--and Secretive--Company Really Works. Business Plus.
  4. Levy, S. (2011). In The Plex: How Google Thinks, Works, and Shapes Our Lives. Simon & Schuster.
  5. Lusted, M. A. (2016). The Story of Apple. Creative Company.
  6. Markoff, J. (2006). What the Dormouse Said: How the 60s Counterculture Shaped the Personal Computer Industry. Penguin.
  7. O'Grady, J. D. (2009). Apple Inc. Greenwood Press.
  8. Spector, G. (2015). Implementing Organizational Change: Theory Into Practice. Pearson.
  9. Wozniak, S. G., & Smith, G. (2006). iWoz: Computer Geek to Cult Icon: How I Invented the Personal Computer, Co-Founded Apple, and Had Fun Doing It. WW Norton & Company.

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