Silicon Valley

v2 Chapter 310: Apple files for bankruptcy protection

?PS. Present today’s update, and by the way, vote for the "Starting Point" 515 Fan Festival. Everyone has 8 votes. Voting will also give away starting points. I beg your support and appreciation!

While Henry asked people to contact General Motors to acquire Hughes Aerospace and Communications, he began to pay attention to Apple.

In August of this year, Sony was the first to launch the PlayStation family game console. The performance of the PS is much stronger than Nintendo’s SFC, but it is much weaker than the Jaguar. However, 3D game graphics are still possible. Sony acquired and won many third-party game companies, barely entering the home video game console industry.

Sony PlayStation entered the home game console industry, making the industry's unprecedented competition fierce, and the price of home game consoles dropped again and again!

The Jaguar dropped to $180, and the Sony PlayStation dropped to $150.

And Nintendo's SFC is the most outrageous, down to $100! Nintendo saw that the market was gradually being taken away, and SFC could not be lowered. There are wolves before and tigers behind, almost driving Nintendo to a desperate situation. In particular, the Atari Jaguar is really like a tiger, and it will swallow Nintendo! With its excellent game console performance and various fun classic games, Atari is loved by players, and coupled with the patent system that is much cheaper than Nintendo, it has attracted many original Nintendo third game companies to join the Jaguar. platform! And it didn't take long for Jaguar to launch a new game controller, which has three functions: analog joystick, trigger button, and vibration pack! Once released, it was madly sought after by players, which greatly drove the sales of Jaguar game consoles!

Nintendo desperately wanted to hold onto the market, and could only reduce the SFC to $100!

The battle in the home game console industry is so fierce that Nintendo can't hold onto its turf, but Apple has come to this muddy water!

On November 15th, Apple released a home game console, which suffered an unprecedented fiasco! On the day of the launch of the new machine, only about 500 game consoles were sold in the United States, and there were more than 40 cases of returning products because the game was not fun. Usually, if a new machine is sold, at least a few thousand machines can be sold! On the day when Nintendo’s game consoles were released, there were hundreds of thousands or millions of them.

Apple only sold 500 machines, and many people returned them. As you can imagine, how failed!

The next day, the major media criticized Apple one after another, and even one newspaper compared Apple to a clown on the newspaper. The clown was lying on the ground, holding an Apple game console in his hand. He raised his head and looked at the four "giants" Nintendo, Atari, Sony, and Sega who stood in front of him and smiled grinningly at him.

That day, Apple's stock price plunged again.

Analysts believe: "The failure of Apple game consoles is inevitable. In 1994, powerful companies such as Atari and Sony entered the home game console industry one after another. However, Apple chose this time to enter, which was obviously a mistake!"

"Apple game consoles have three failures. First, the performance of the game console is insufficient; second, it lacks the support of third-party game companies; third, it is expensive, whether it is Atari’s Jaguar or Sony’s PlayStation, the price is all Under $200, they are trading at a loss for the market. But Apple is already in the wind and cannot afford to lose at all. It is priced at $250! Just imagine, who wants to buy such an expensive Apple game console? Anyway, I don't want it! "

Apple can only rely on the brand to fool some of Apple’s iron powder to buy, but others are not stupid, why pay for Apple’s failed products?

On December 1, Apple's market value plummeted to $4 billion.

Subsequently, Apple's stock price fell every day, and the company was also losing money. On December 20th, Apple couldn't hold on, and formally filed for bankruptcy protection in the local court.

As soon as the news spread, the United States was immediately shocked.

The Apple company founded by Jobs that year was the pride of Americans. It created the era of personal computers, created a legend on Nasdaq, and became a giant in the personal computer manufacturers of the computer industry! Such a company is going to file for bankruptcy protection in an instant, and it is embarrassing!

"Now Apple is a mess, who would be willing to take over?" Many people questioned.

At this time, Sun actually took the lead in sending someone to contact Apple and proposed to acquire Apple for US$3.7 billion. Henry has always expressed concern about Apple, and Sun's actions immediately made Henry alert. Henry immediately sent a team to initiate an acquisition of Apple, and proposed to acquire Apple for $4 billion.

Originally, Sun Corporation initiated an acquisition of Apple, which attracted many people's surprise, but when Henry Williams initiated an acquisition of Apple, the United States was shocked!

"What's so good about Apple that actually attracted Henry Williams over!"

"I don't understand, I don't understand at all. But I'm sure that what Henry Williams is optimistic about is definitely a good thing!"

"..."

That day, Apple's stock price soared, rising to $4 billion in one fell swoop.

Henry Williams valued Apple's acquisition of 4 billion U.S. dollars, so Apple was worth 4 billion U.S. dollars, and shareholders are full of confidence in Henry!

At this time, Sun Company was speechless, and said to his heart, my brother had a good time and wanted to buy Apple. I never thought that he would kill a richest man halfway. What else?

Whether to quit or not to quit, this is a problem. Sun is a bit troubled.

In recent years, with the rise of the Internet, the computer industry is very prosperous. Sun's sales of workstations have already made a lot of money, and the company's market value has soared to nearly 50 billion US dollars. It can be described as an industry leader and a mess! Especially in the field of workstations, no one can beat IBM and HP. The acquisition of Apple this time is intended to enter the personal computer market, thereby expanding the company's business. However, facing Henry this behemoth, I can't help but feel a little confused!

In the face of Sun and Henry, Apple is more inclined to be acquired by Henry.

However, Apple's shareholders still hope Henry can pay a higher price. Apple was only temporarily in trouble, and its market value fell below US$4 billion. Therefore, the shareholders of the company were not reconciled that Apple could only sell for US$4 billion.

It's as if a rich man suddenly became poor, but he couldn't adapt to it in a short period of time, and he still carried a trace of pride.

"Brother used to be rich, what kind of money is this money, do you want to pass the beg..."

That's right, Apple's shareholders are roughly this kind of psychology.

In the previous life, Sun Company offered US$3.7 billion, almost almost buying Apple, but a certain major shareholder was a bit unwilling to negotiate.

This time, Sun quickly withdrew from the acquisition. Because Apple saw Henry join the acquisition, the body immediately stood up, and the price shouted 5 billion US dollars in one mouthful. Although sun company has a high market value, it does not have much liquidity! What's more, Apple is still a mess. After the acquisition, I don't know if it can reverse its profit and loss. Maybe it will drag Sun company!

After comprehensive consideration, Sun naturally decided to withdraw from the acquisition ~lightnovelpub.net~ and Henry thought it was worthwhile to spend $5 billion to buy Apple. Apple’s brand, talent, technology, and patents are all Henry wants. Before Apple’s cameras and game consoles, the market value was more than US$5 billion. The reason why the market value is so low is that the stockholders' confidence in it has fallen, and the other is that they have suffered heavy losses and carried heavy debts!

Henry bought Apple and had to pay off its debts, but not much, about 200 million US dollars.

On Christmas Day, Henry officially signed the acquisition contract with Apple, and immediately held a press conference to announce the matter.

The wind was severing, and the sky was covered with heavy snow like feathers.

In a California villa, Steve Jobs stared at the Apple press conference in a daze. He seemed to have lost his soul...

(Jobs hid in the corner and cried... I will continue tomorrow! Please vote hard and support subscribing!)

[515 is coming soon, I hope to continue to hit the 515 red envelopes list. By May 15th, the red envelope rain can give back to readers and add promotional works. One piece is also love, it must be better! 】(To be continued.)