Today in Apple history: Apple racks up staggering $700 million loss

March 28, 1996: In a dire message to Wall Street, Apple warns that it will report a $700 million after-tax loss for its most recent quarter. Apple’s biggest quarterly loss in history, the shocking news reveals a company in far more financial trouble than previously thought. More than half the loss comes from $1 billion […]
(via Cult of Mac – Tech and culture through an Apple lens)
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Author: Luke Dormehl