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but next was well on its way to declaring bankruptcy... Next had terrible sales.. even jobs said so. The factory they built was so underutilized, they assemble
by rgbrenner 10y ago
but next was well on its way to declaring bankruptcy...
Next had terrible sales.. even jobs said so. The factory they built was so underutilized, they assembled the computers by hand instead of using the equipment because it was less work than doing the maintenance on it. It was designed to produce 150,000 machines a year... next sold 50,000 machines total over 6 years (an average of 700/month).
After 6 years, Next abandoned the computer market, focusing on software. They tried to sell the factory to Canon, who pulled out of the deal. They laid off 2/3rds of their employees.
On multiple occasions, investors were forced to put in more funding just to keep Next solvent.
Just a couple of years after abandoning hardware, they agree to merge with apple.
I wasnt able to find an exact number, but the amount of money apple paid for next may actually exceed the total revenue next pulled in during the 12 years they were in business.