Apple is listed on the NASDEQ and the Sony PSP is released in Japan. All on today’s On This Day from TEST Huddle.
1980 – Apple Goes Public
In the most successful initial public offering (IPO) in the U.S. since the Ford Motor IPO of 1956, Apple are listed on the NASDAQ under the stock symbol “AAPL”. 4.6 million shares are offered and bought at US$22 per share. The shares trade at $29 per share byclsoe of business that day valueing Apple at $1.778 billion. Steve Jobs, the company’s single largest shareholder, makes US$217 million dollars alone, while Mike Markkula makes US$203 million.
2004 – Sony PSP is released
In Japan, Sony release the PlayStation Portable (PSP) handheld video game system. The new system features a 333MHz MIPS R4000 CPU, a USB port, a Universal Media Disc (UMD) drive, a 4.3-inch screen along with Wi-Fi wireless connectivity. The devise is powered by batteries that lasts for about four hours. In the first two days of going on sale, two hundred thousand units of the device are sold.
Images: Wikipedia
