What likely saved Apple was the fact that despite undergoing three CEOs, they did not squander the $150 million settlement with Microsoft.
But they still had sufficient funds, equivalent to $2 billion at today’s value, to continue their operations. They also had a team of highly skilled individuals who went on to develop a new operating system, OSX, and build computers with G3, G4 processors. They have also released new iMacs, Mac laptops, and Mac desktop computers to the public.
Does this imply that with $2 billion today, plus or minus $1 billion, one can achieve all these accomplishments and grow into a large technology company? It seems like an unlikely long-shot that Microsoft saved Apple.
In hindsight, it appears that Apple had some exceptionally talented individuals, certainty more talented than the group at Microsoft and Intel.
Because both Microsoft and Intel, in hindsight, sat on their laurels for the better part of two decades. -