Apple Turns 50, Remains a Dominant Force

April 1 marked the 50th anniversary of Apple’s founding by Steve Jobs, Steve Wozniak, and Ronald Wayne, who soon left the company, Daniel Howley reported for Yahoo Finance.

CEO Tim Cook and 17-time Grammy winner, Alicia Keys graced Apple's 50th anniversary festivities in New York City. (Photo: Apple)

From its origins in a garage to becoming one of the most influential companies in modern history, Apple has repeatedly reinvented itself—from personal computers to portable music players to smartphones, and now to digital services such as streaming.

This ability to evolve has been central to Apple’s longevity.

After nearly collapsing in the late 1990s, the company rebounded and is now the world’s second-most valuable publicly traded firm.

However, as artificial intelligence reshapes the tech landscape, Apple is widely seen as lagging behind competitors. Its AI-enhanced version of Siri remains delayed, and the company has been losing AI talent to rival firms.