Venture News

Apple Is Worth $1,000,000,000,000. Two Decades Ago, It Was Almost Bankrupt.

Published on Aug 3, 2018

SAN FRANCISCO - In 1997, Apple was on the ropes. The Silicon Valley pioneer was being decimated by Microsoft and its many partners in the personal-computer market. It had just cut a third of its work force, and it was about 90 days from going broke, Apple's late co-founder, Steve Jobs, later said.