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This article was published on June 2, 2010


Steve Jobs: Apple Was 90 Days From Going Bankrupt

Steve Jobs: Apple Was 90 Days From Going Bankrupt
Zee
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Zee

Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos, designing, listening to good music and making lurrrve.

Apple CEO Steve Jobs has just walked on stage at the All Things D conference and within a few moments revealed what many thought but weren’t sure of…

Exactly how bad a state was Apple ten years ago when Jobs took over?

In Jobs’ own words:

“We were 90 days from going bankrupt.”

From that to surpassing Microsoft as the world’s largest technology company in phenomenal by any standard.

In response to the landmark, Jobs says:

“It’s sort of surreal. It’s a little surreal.”

I’m sure. Especially considering Apple might only be around due to a $150M investment by MSFT in 1997… well what can you say.

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