Hasty Briefsbeta

Steve Jobs's Miracle Year

2 days ago
  • #Apple
  • #Business Turnaround
  • #Steve Jobs
  • Steve Jobs's return to Apple in 1997 was neither inevitable nor part of a master plan.
  • Apple was in severe financial trouble in 1996, with losses over $1B and market share dropping to 4%.
  • Apple acquired NeXT for its operating system, leading to Jobs's return as an advisor.
  • Jobs initially declined the CEO role, unsure if Apple could be saved.
  • Jobs conducted intensive research meetings in July 1997, formulating a strategy to save Apple.
  • He simplified Apple's product lineup to four key products and focused on design and marketing.
  • Jobs became interim CEO in September 1997, launching the 'Here's to the Crazy Ones' campaign.
  • The iMac G3, released in 1998, became a bestseller, turning Apple profitable again.