When Dell CEO said he was shutting down Apple

Michael Dell have made predictions regarding the future of Apple Inc. that turned out to be incorrect. The founder and CEO of Dell Technologies predicted a bleak future for Apple on October 6, 1997, and said he would “shut it down and return the money to shareholders,” according to a report. Cult of Mac report.
It was a time when Apple was struggling and losing its biggest loss in history. Clone of Cupertino-based tech company Macintosh strategy has also failed to rescue it. Steve Jobs‘other companies NeXT also do not have bright prospects. Besides, Apple CEO There were no new products at the time to give the company hope. Dell’s fortunes, on the other hand, are skyrocketing, and according to reports, Michael Dell has “made billions of dollars selling direct-to-consumer personal computers” at the time of his quip about Apple. .
Jobs responded to a “rude” comment from Michael Dell during Apple’s next keynote. Jobs said, “We’re after you!”.
The situation changed for Apple the following year, and it turned a profit. Apple launched the iMac G3 in 1998 and was well received. Then Apple followed it with several devices over the years like the iBook in 1999, the iPod in 2001, Iphone in 2007 and iPad In 2010, devices helped make Apple the first tech company to hit a trillion-dollar valuation. Apple is also said to have adopted a similar strategy to Dell’s by selling computers over the internet, which also helps.
In 2011, Michael Dell “clarified” his 1997 comment during a Q&A at TechCrunch’s Web 2.0 Summit, “saying that he was only suggesting that he would close the store at Apple because At the time he was very dedicated to running Dell,” according to the report.


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