Did Bill Gates save Apple? The 1997 Microsoft deal explained |
On 6 August 1997, Steve Jobs walked out at Macworld Expo in Boston and announced that Apple's most bitter rival had just invested $150 million in the company. Bill Gates appeared live via satellite on a screen behind him, a moment that drew audible groans from the audience and stunned an entire industry.
By the mid-1990s, Apple faced actual threats to its existence as a company. The company suffered heavy financial losses because its excessive product line and overpriced products and constant changes in management led to........