4 ms·
The $150 million had nothing to do with saving Apple. They had already secured a billion dollar line of credit and besides, the same quarter Apple spent $100
by scarface_74 2y ago
The $150 million had nothing to do with saving Apple. They had already secured a billion dollar line of credit and besides, the same quarter Apple spent $100 million to buy out PowerComputings Mac assets and license.
It was years before Apple became profitable and the $50 million was a drop in the bucket