From http://en.wikipedia.org/wiki/United_States_v._Microsoft :
Microsoft stated that the merging of Microsoft Windows and Internet Explorer was the result of innovation and competition, that the two were now the same product and were inextricably linked together and that consumers were now getting all the benefits of IE for free.
It doesn't look like much now, but installing IE as the default browser on Mac was a pretty big deal at the time. Microsoft won the 'browser wars' due to this and other key moves.
Today, the 'wars' are in the handheld o/s and default search engines. Microsoft is again making shrewd moves in those battles and their partners are far from guaranteed to die as a result of their alliances.
Somehow, despite their Microsoft partnership, Apple managed to do a bit better than simply scrape by. I'm sure Nokia will see a similar recovery over the next few years.
I don't think that's necessarily true. The browser was an extremely important part of the user experience, but 2 things happened: 1) MS stopped developing IE which allowed Mozilla and Apple to leap frog MS in terms of user experience, and 2) the iPod came along which became a gateway drug to Macs and helped Apple become what it is today.
However the 90's Apple/today's Nokia analogy only fits if Nokia has something outside of phones that it can use to grow it's business. It remains to be seen if that's the case.
There's also the problem that Apple became more insular in terms of developing the whole widget and making sure it wasn't dependent (as much as it could) on ISVs while Nokia seems to be going in the exact opposite direction.