Source link : https://tech365.info/immediately-in-apple-historical-past-ceo-michael-spindler-denies-apple-is-a-lame-duck/
October 3, 1994: Apple CEO Michael Spindler reassures the world that Apple “is not a lame-duck company.”
Why would anybody suspect that it’s? The reply lies in collapsing Mac gross sales, large layoffs and Apple’s $188 million quarterly loss. At 15 months into his stint as CEO, Spindler needs to reassure everybody that the worst is over.
Sadly, issues will decline additional earlier than they begin to flip round.
The challenges Apple confronted underneath Michael Spindler
The BusinessWeek article with the “lame duck” quote, titled “Spindler’s Apple,” makes fascinating studying if you wish to be transported again to the heady days of 1994. It supplies an excellent overview of the large challenges Apple confronted on the time.
These included a U.S. market share within the PC sector that dropped from 14.2% in 1993 to 10.8% in ’94. Plus, Apple’s software program gross sales have been rising extra slowly than these of rival firms. Cupertino additionally confronted the approaching arrival of Microsoft’s Home windows 95. For many individuals, Microsoft’s upcoming working system appeared like a ok Mac OS clone to allow them to skip spending huge cash on an Apple laptop.
“I have always been an Apple zealot,” says an unnamed former Apple government quoted within the BusinessWeek article about Spindler’s reign. “But after seeing [Windows 95], I can’t be one anymore. What have they got going for them? I don’t get it.”
Michael Spindler:…
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Author : tech365
Publish date : 2025-10-05 07:11:00
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