What happened to Apple in 1997?

By the end of 1997, Apple moved to a build-to-order manufacturing powered by an online store built on WebObjects, the NeXT application server. They killed off a number of models, simplifying the lineup of products and also killed the clone deals, ending licensing of the operating system to other vendors who were at times building sub-par products.

How did Apple stock perform from 1995 to 1997?

The performance of Apple stock (AAPL) from 1995 to 1997 was characterized by declining share prices and a lack of investor confidence in the company – see the chart below, which includes a comparison of AAPL’s performance against the Nasdaq 100.

What happened to Apple in 1998?

By then, Apple had $1.2 billion in cash reserves again, but armed with a streamlined company that was ready to move forward - but 1998 was a bottoming out of sorts, with Apple only doing just shy of $6 billion in revenue. To move forward, they took a little lesson from the past and released a new all-in-one computer.