Cult of Mac looks back at nineteen years ago today:
27 June 1997 marked the last day in the worst financial quarter in Apple history, in which Apple lost $56 million — effectively bringing an end to then-CEO Gil Amelio’s 500 days running the company.
Lately, people have been wondering about Apple’s financial performance and whether the company is still growing or not. That’s a fair question, but it’s still good to remember that Apple is hardly faltering. Losing $56 million? That’s what a bad quarter looks like.