Fred Anderson

Today in Apple history: Steve Jobs says Apple is finally debt-free

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Image of the old Apple Inc. rainbow logo atop American cash money.

February 18, 2004: Apple CEO Steve Jobs sends an internal message to employees revealing that the company is completely debt-free for the first time in years. “Today is a historic, fateful day for our society,” he writes. It’s a big turnaround from the bad old days of the 1990s, when Apple was carrying more than … Read more

Today in Apple history: Mac clone maker closes shop

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Power Computing clone Macs sounded like a good idea at first.

January 31, 1998: Mac clone maker Power Computing is shutting down as it has auctioned off its office supplies and computers. Apple had bought Power Computing, once the fastest-growing PC company of the decade, the previous year. As a result, Power Computing shareholders receive Apple shares as compensation. As it turns out, it didn’t have … Read more