I'm sure we've all heard it at least once: "Microsoft saved Apple from Bankruptcy in 1997." It refers to an investment Microsoft made in Apple that was announced at Macworld 1997, not long after Steve Jobs returned to the company. But this depiction of events has been heavily mythologized over the years. The truth is, even though Apple was going bankrupt, they didn't need Microsoft's help to stay around. And today's video explains why! ● Images Used: https://commons.wikimedia.org/wiki/File:Apple_Store_LA.jpg https://commons.wikimedia.org/wiki/File:My_first_computer_(7515248418).jpg https://commons.wikimedia.org/wiki/File:Microsoft_buildings_EU.jpg https://www.flickr.com/photos/42106306@N00/4847847581/ https://www.flickr.com/photos/raneko/2364340504/ https://commons.wikimedia.org/wiki/File:Dept_of_Justice.jpg ● Sources: https://tbtf.com/resource/netscape-letter.html https://money.cnn.com/1996/08/20/technology/netscape/#TOP https://blog.insideview.com/2011/08/25/the-history-of-apple-ceos/ https://www.cnet.com/news/apple-reports-161-million-loss/ http://www.noteskey.com/events/1997_01.html https://www.cnet.com/news/apple-acquires-next-jobs/ https://web.archive.org/web/20131129003410/https://www.fool.com/Calls/1997/Calls970717AAPL.htm https://computerhistory.org/blog/quicktime-and-the-rise-of-multimedia/ https://www.macworld.com/article/1056510/macoffice.html http://edge-op.org/iowa/www.iowaconsumercase.org/122106/PLEX0_6060.pdf http://digitaldaily.allthingsd.com/20110429/nearly-bankrupt-in-1997-apple-is-now-more-profitable-than-microsoft/ https://www.wired.com/1997/08/apple-takes-150-million-from-microsoft/ https://www.forbes.com/sites/connieguglielmo/2012/10/07/a-steve-jobs-moment-that-mattered-macworld-august-1997/#6808564a3edd https://www.cnet.com/news/microsoft-to-invest-150-million-in-apple/ https://www.fool.com/investing/2016/10/27/verizon-stock-history-what-investors-need-to-know.aspx https://u-s-history.com/pages/h1803.html https://web.archive.org/web/20141006093659/http://www.celtnet.org.uk/telecos/AT%26T-Bell-4.php https://www.latimes.com/archives/la-xpm-1997-jul-10-mn-11353-story.html https://www.zdnet.com/article/stop-the-lies-the-day-that-microsoft-saved-apple/ https://www.theregister.com/1999/02/01/maritz_on_apple/ http://www.roughlydrafted.com/RD/RDM.Tech.Q1.07/592FE887-5CA1-4F30-BD62-407362B533B9.html https://books.google.com/books?id=UB9OAAAAIBAJ&pg=PA88&dq=%22san+francisco+canyon+company%22&article_id=5543,4774557&hl=en&sa=X&ved=2ahUKEwimo9fkjd_sAhWZmHIEHfj9A6IQ6AEwAXoECAAQAg#v=onepage&q=%22san%20francisco%20canyon%20company%22&f=false https://www.cultofmac.com/466987/today-in-apple-history-intel-and-microsoft-sued-for-stealing-apple-code/ https://law.justia.com/cases/federal/district-courts/FSupp2/87/30/2307082/ https://law.justia.com/cases/federal/appellate-courts/F3/253/34/576095/ https://www.theregister.com/1998/10/29/microsoft_paid_apple_150m/ http://techrights.org/comes-vs-microsoft/text/msg00011.html https://www.computerworld.com/article/2543669/memo--microsoft-threatened-to-shut-down-mac-office.html https://www.computerworld.com/article/2543429/microsoft-settles-embarrassing-antitrust-suit-in-iowa.html http://edge-op.org/iowa/iowaconsumercase.org/assets/attachments/Petition.pdf https://www.justice.gov/archive/opa/pr/Pre_96/July94/94387.txt.html https://archive.nytimes.com/www.nytimes.com/library/tech/99/02/biztech/articles/01soft.html https://www.law360.com/cases/5ee7bffb568db317266f34fc https://www.cultofmac.com/473471/today-in-apple-history-worst-quarter-ever/ https://www.cnet.com/news/judge-calls-microsoft-a-monopoly/ https://www.sfgate.com/news/article/Microsoft-Ruled-a-Monopoly-Court-finds-firm-2899336.php https://thisdayintechhistory.com/08/06/apple-and-microsoft-call-truce/ http://www.mackido.com/History/History_VfW.html https://www.nytimes.com/1995/03/03/business/court-order-on-microsoft.html https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics https://www.justice.gov/atr/final-judgment-us-v-microsoft-corporation-state-new-york-et-al-v-microsoft-corporation https://www.investopedia.com/terms/c/chapter11.asp https://www.nolo.com/legal-encyclopedia/chapter-11-bankruptcy-overview.html https://thenextweb.com/apple/2010/06/02/steve-jobs-90-days/ https://legacy.lib.utexas.edu/taro/utcah/00352/cah-00352.html Amazon Affiliate Notice: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. All Amazon links that I provide will use my affiliate code with Amazon. Some materials in this video are used under Section 107 of the Copyright Act of 1976, which allows "fair use" for purposes such as criticism, commenting, news reporting, teaching, and research. #MichaelMJD #Microsoft #Apple