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Jobs got burned at NeXT in that he spent a huge amount of money on a highly automated, top of the line, assembly system; then due to under-utilization of that s

Jobs got burned at NeXT in that he spent a huge amount of money on a highly automated, top of the line, assembly system; then due to under-utilization of that system, was never able to be profitable. Far better to realize that Samsung, TSMC et al. will be able to have better pricing, since they can keep their fabs busy with multiple customers, with no sunk costs.

masklinn 16y ago
> Jobs got burned at NeXT in that he spent a huge amount of money on a highly automated, top of the line, assembly system; then due to under-utilization of that system, was never able to be profitable. And one of the first things he did when back at apple was... get it out of fab altogether. A job which was in fact given to Tim Cook (widely considered to have done a stellar job at it).