How Apple Almost Went Bankrupt in the Mid-90s

The mid-1990s was a tumultuous time for Apple, as a series of missteps and poor decisions brought the company to the brink of bankruptcy. Leadership struggles, a lack of innovation, and an inability to adapt to the changing technological landscape led to massive losses, declining sales, and an erosion of Apple's brand image. By 1997, the company was on the verge of collapse, with dwindling cash reserves and a shrinking market share. It was only through the intervention of Steve Jobs, who returned to Apple as CEO in 1997, that the company was able to regain its footing and embark on a remarkable turnaround that would reshape its future.