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Apple’s main competitor being practically forced into giving them money is what saved them. That’s a myth. Microsoft bought $150 million in non-voting stock. F
by alwillis 4y ago
Apple’s main competitor being practically forced into giving them money is what saved them.
That’s a myth. Microsoft bought $150 million in non-voting stock. First, it didn’t save them, even then, $150 million wasn’t much money to Apple. Having Microsoft committed to supporting Office on the Mac for the next 5 years was a trade for Internet Explorer being the default browser for the Mac during those 5 years. That’s when the best version of IE ran on the Mac.
Of course after the 5-year period expired, Apple launched Safari 1.0.
Second, Microsoft made a huge profit when sold the stock.
What “saved” Apple was the success of the iMac in 1998 and then iPod.
- habibur 4y agowhen MS bought those Apple shares, Apple was on the verge of getting bankrupt, and MS Gates saved it. Why he did it is a separate story. $150m was a big money in the 90s. More so for apple in that situation.
- peppermint_gum 4y ago>$150m was a big money in the 90s. More so for apple in that situation. It was ~2% of Apple's 1997 revenue[1]. [1] - https://money.cnn.com/1997/10/15/companies/apple/ https://money.cnn.com/1997/10/15/companies/apple/
- habibur 4y agorevenue