Save the date Apple folks. Way back on August 6th, 1997 during an Apple keynote, Bill Gates announced that Microsoft had made a $150 million investment in Apple. This investment saved a once bleeding Apple from financial hardship in return for a 5-year commitment to support Microsoft Office on Macs for five years and ship Internet Explorer as the default browser for the Mac. Apple also dropped a lawsuit claiming Microsoft copied the look of Mac OS onto Windows and agreed to share patent licenses over those next five years.
With Apple fans unhappy, Jobs, the Times reported, “attempted to soothe the audience, saying: ‘We have to let go of a few notions here. We have to let go of the notion that for Apple to win, Microsoft needs to lose.’
As shocking as it sounds today, Apple owes much of its existence today to their partnership with Microsoft. “And without the alignment of these particular stars it is anyone’s guess if the iRevolution — iMac, iTunes, iPod, iPhone (and iPad) — would have ever happened.”