Re:Why Amazon Has No Profits and Why It Works
by philwelch on Sunday September 07, 2014 @02:26AM
(#8280469)
Microsoft's $150MM investment in Apple wasn't necessary for Apple to survive. The commitment it signaled (plus the promise to keep making Office for Mac) might have been, but the money wasn't.
> The day before the announcement Apple had a market cap of $2.46 billion,[58] and had ended its previous quarter with quarterly revenues of US$1.7 billion and cash reserves of US$1.2 billion,[59] making the US$150 million amount of the investment largely symbolic.
> The day before the announcement Apple had a market cap of $2.46 billion,[58] and had ended its previous quarter with quarterly revenues of US$1.7 billion and cash reserves of US$1.2 billion,[59] making the US$150 million amount of the investment largely symbolic.
http://en.wikipedia.org/wiki/History_of_Apple_Inc.#1996:_Ret...