Jobs' book of Revelations: Apple was only months from the abyss in 1997

Jobs' book of Revelations: Apple was only months from the abyss in 1997

Jobs has revealed the company was a mere 90 days from bankruptcy in 1997 when the board asked him to retake the reins

Apple's mercurial master Steve Jobs made a series of revelations during his appearance at the Wall Street Journal's D:All Things Digital conference in California this week, including the fact that the company was a mere 90 days from bankruptcy in 1997 when the board asked him to retake the reins.

Shortly afterwards Jobs joined the elite, and possibly single-member-club, of people to have been fired and then rehired by their own company.

Surpassing Microsoft "surreal"
At the time Microsoft famously threw Apple a US$150 million lifeline, a gesture which was thrown into almost comical relief last week when a spike in Apple's share price saw it surge past Microsoft to become the world's biggest technology company - and second overall - by market capitalisation. Asked how he felt about that Jobs replied "surreal".

iPad was ready in 2007
Other revelations included the fact that the wildly popular iPad was ready for release as far back as 2007 when it was mothballed while Apple executed its virtual annexation of the mobile market with the iPhone. Not that he could have any regrets with sales of the iPad now past 2 million just 60 days after its launch, and several industries recalibrating their business strategies around the device

But with great power comes great responsibility and it appears that the trade-off for Jobs having well and truly assumed the role as tech-and-media-industry svengali is greatly increased scrutiny of his actions.

Jobs the Statesman
Last month he took the time to draft a lengthy open letter to Mac users and the wider industry explaining in great detail his reasons for booting Adobe products off the iPhone and iPad app stores. For a man whose sudden and inexplicable mood swings are the stuff of legend, this gesture seemed to suggest that a more considered, even statesman-like, Steve Jobs had finally arrived. And, worryingly for Adobe, it seemed to lend even more weight to his decision.

Jobs on Google
But of course Jobs has far bigger fish to fry, and that fish is called Google.

The decision of the search engine giant to go after the exploding mobile and mobile apps space represents probably the biggest competitive challenge to Apple in its entire history.

However, when pressed to comment on the fact this week, Jobs merely reiterated his view that while Google is trying to compete with Apple, Apple is not trying to compete with Google.

While that might be true, even Jobs must be starting to wonder whether taking a passive stance is the best way to deal with a very real threat from the fastest growing, and arguably one of the smartest, technology companies of all time.

On the other hand though, Jobs - unlike his younger rivals - knows what it's like to reach and then return from the abyss.

 

See more about:  jobs  |  revelations  |  apple  |  abyss  |  microsoft  |  google
 
 

Readers of this article also read...

Telstra supports International Day Against Homophobia, Biphobia and Transphobia 

Telstra supports International Day Against Homophobia, Biphobia and Transphobia

 
Toshiba's new 2013 laptops unveiled 

Toshiba's new 2013 laptops unveiled

 
Exclusive First Look: Gigabyte's Z87X-UD3H 

Exclusive First Look: Gigabyte's Z87X-UD3H

 
Unboxed: LG's Optimus G "Superphone" 

Unboxed: LG's Optimus G "Superphone"

 
Google's new Chromebook Pixel bests MacBook Pro in the ppi war 

Google's new Chromebook Pixel bests MacBook Pro in the ppi war

 
Comments: 6
avoidz
4 June 2010
A spike in Apple's share price doesn't make it bigger and better than Microsoft. The Apple marketing spin machine marches on...


Comment made about the PC Authority article:
Jobs' book of Revelations: Apple was only months from the abyss in 1997?
Jobs has revealed the company was a mere 90 days from bankruptcy in 1997 when the board asked him to retake the reins

What do you think? Join the discussion.
stephen.cameron
6 June 2010
Apple deserve to go bankrupt
Slatts
7 June 2010
stephen.cameron wrote:
Apple deserve to go bankrupt

That's a rather bold statement there Stephen.
Care to back it up?

photohounds
26 August 2011
I don't think they will, nor do they deserve to. Among the anticompetitive actions and debunked copy allegations they have also created some great things.

I don't personally like compressed music, proprietary file types and anticompetitive behaviour. However, it is very difficult to deny they've revolutionised portable music consumption and given the phone market a good shake-up.

Their laptops are pretty nifty too. Those who buy 'apple' are not all brainwashed morons.

The fan boys who think that Apple is the ONLY source of innovation on the planet and that everyone else can only copy, are entirely a different story.








Edited by photohounds: 26/8/2011 02:19:41 PM
amcmo
26 August 2011
I had intended not to make any further posts on this forum, however saw this thread in leaving.

Photo, you just can't let any post go without more of your 'anti-competitive' crap and digs at supposed fan-boys - read anyone who doesn't agree with your predominantly anti-Apple rants.

BTW Photo, you'll be happy to know I'm now officially an Apple fan and incapable of logical thought (in your estimation) having sent our IT guys out to get me a top of the line Air to replace my dead Fujitsu. My first Apple product.

From to box to on line on our domain in under 3-4 minutes. Try that in a Win notebook! And the SSD is fuc...g FAST!!

Now to go worship at the shrine of Jobs...


Outa here!
photohounds
26 August 2011
Good for you, I have no doubt it'll be good AM.
I played with them at JB, nice but too small/light - not an observation that most would make, I'll admit, but they're younger than me.

Probably nice on a table, though my son's 17" pc is a better couch/lap device for my older eyes.

Not anti-apple, just tired of monopolists "shaping" our IT future. And those copy allegations HAVE been debunked.

Maybe in the good 'ole US of A the local company will get the result they seek - more along national lines than anything else? We'll see. Lord knows the US can use the cash flow.

Comments have been disabled for this article.

Latest Comments

Latest Poll

Which side are you choosing in the new console wars?



or View results
The Xbox One
  27%
 
The PlayStation 4
  26%
 
A console? Good Lord no - PC for me thanks!
  47%
TOTAL VOTES: 70

Vote now
Ads by Google

From our Partners

PC & Tech Authority Downloads