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> He even convinced Apple to invest in a newly created company, Advanced RISC Machines Ltd., also in Cambridge, that would produce them. And that stake was qui
by klelatti 2y ago
> He even convinced Apple to invest in a newly created company, Advanced RISC Machines Ltd., also in Cambridge, that would produce them.
And that stake was quite possibly crucial in helping Apple survive.
> Plus it's on record that Apple made a total of $1.1 billion out of selling those shares, which represented a profit of 366 times its original investment. That money helped Apple survive, and Jobs decision to cut the Newton — with its ARM processor — was also part of the surgery needed to keep Apple alive.[1]
[1] https://appleinsider.com/articles/23/09/05/apple-arm-have-been-crucial-to-each-others-survival-for-three-decades https://appleinsider.com/articles/23/09/05/apple-arm-have-be...