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Jaswanth Jegan

Founder-Hexpertify.c... • 1y

"Apple was 90 Days away from Bankruptcy" Bankruptcy to Billions #5 Steve Jobs Returns To Save Apple Steve Jobs was fired from Apple in 1985 due to a power struggle with CEO John Sculley.The board of directors sided with Sculley,Fired Jobs of his managerial duties. Then Apple produced products like Newton PDA which was a failure & faced serious Financial crisis,Declining market share&its profitability suffered, leading to massive layoffs and Near Bankruptcy. In 1996 Jobs returned to Apple when the company acquired NeXT, the company Jobs founded after leaving Apple. Initially Jobs was brought back as an advisor, Jobs quickly rose to a leadership role, becoming interim CEO in 1997. Jobs leadership led to the development of great products like the iMac, which revived the company. In 2000, Jobs became Apple's permanent CEO, steering the company to unprecedented success with products like the iPod, iPhone, and iPad.

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