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2 clusters · 6 sources · 11 days · First seen · Last updated

Apple corporate financial history

Overview

In September 1997, interim CEO Steve Jobs announced a quarterly loss of $161 million, which was the largest in the company’s history at that time. This deficit was largely attributed to the previous leadership of Gil Amelio.

The loss included a $75 million write-off from the repurchase of the Mac OS license from Power Computing. Despite these financial challenges, the launch of Mac OS 8 was considered successful, selling 1.2 million copies in its first two weeks. CFO Fred Anderson indicated that the company’s strategy for fiscal 1998 would focus on returning to profitability through expense reductions and gross margin improvements.

Entities

Steve Jobs · Apple · Nasdaq · Gil Amelio · Tim Cook

Timeline

  1. [BUSINESS] 2 sources
    Apple reports record $161 million quarterly loss under Steve Jobs

    In September 1997, Apple interim CEO Steve Jobs reported a record $161 million quarterly loss, driven by previous leadership decisions and the end of the Mac clone era, despite strong Mac OS 8 sales.

  2. [BUSINESS] 5 sources
    Apple reports $109.4 billion in quarterly revenue

    Apple reported $109.4 billion in third-quarter revenue for fiscal year 2026, a 16 percent year-over-year increase driven by services and its device ecosystem.

Sources

cultofmac.com · dailymail.co.uk · finanzen.at · finanzen.ch · spider-mac.com · theneweuropean.co.uk