Originally posted by bladerunner6 Apple was profitable before the iPod.
Apple returned to profitability in 1998, the iPod was introduced in 2001.
"Steve Jobs built Apple into a cash generating machine. In 2000, just as Apple was beginning to recover from its 1990s beleaguerment, the company reported just $786 million in net income on revenues of $7.8 billion for the entire fiscal year, and it sat on a "mere" $4 billion in cash.
Additionally, nearly half ($367 million) of Apple's income that year was attributable to selling off portions of its investment in ARM, the mobile chip design it had co-created with Acorn for the Newton Message Pad, resulting in the world's most popular architecture for embedded devices, which would subsequently power the iPod, iPhone, Apple TV, iPad and virtually every other smartphone."
Apple was fairly safe from extinction by 2000, but it was the iPod in 2001 (didn't really catch on until the iTunes Store) and the iPhone in 2007 that turned it into a cash machine. Now it's going to be sustained by its services revenue.
<Thread hijack over>
Last edited by boriscleto; 04-24-2018 at 08:05 AM.