Chapter 310: Apple files for bankruptcy protection

PS. Present today's update, by the way, pull a vote for the "starting point" 515 fan festival, everyone has 8 votes, and the vote will also give the starting point coin, kneel and beg everyone to support and appreciate!

While Henry had people contact General Motors to buy Hughes Aerospace & Communications, Henry began to focus on Apple.

In August of this year, Sony was the first to launch the PlayStation home game console, and the performance of the PS is much stronger than Nintendo's SFC, but it is much weaker than the jaguar. Still, the 3D graphics are okay. Sony has acquired and co-opted a number of third-party game companies, barely entering the home TV game console industry.

Sony's PlayStation has entered the home console industry, making the industry more competitive than ever, and the price of home consoles has dropped again and again!

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

And Nintendo's SFC is the most outrageous, down to $100! Nintendo sees that the market is gradually being snatched away, and SFC can't be lowered anymore. There are wolves in front and tigers in the back, almost pushing Nintendo into a corner. In particular, the Atari Jaguar is really like a tiger, almost devouring Nintendo! Atari is deeply liked by players with its excellent game console performance and all kinds of fun classic games, and in addition to the patent system, which is much cheaper than Nintendo, it has attracted many of Nintendo's third game companies to join the Jaguar platform! And it didn't take long for Jaguar to launch a new game controller, which has an analogue stick and a trigger button. Once released, it was wildly sought after by players. It has greatly driven the sales of jaguar game consoles!

Nintendo desperately wants to hold the market, but can only reduce SFC to $100!

The battle in the home console industry is so fierce. Nintendo can't hold its own turf, but Apple is coming to this troubled waters!

On November 15th, Apple released a home game console, which suffered an unprecedented fiasco! On the day of the new console's release, only about 500 game consoles were sold in the United States, and then there were more than 40 cases of returns because the games were not fun. Normally, when a new console is released, at least a few thousand units can be sold! On the day Nintendo's game console was released, hundreds of thousands. There are millions of them.

Apple only sold 500 phones, and many people returned them, so you can imagine how failed they were!

The next day, the major media outlets sang the praises of Apple, and one newspaper even compared Apple to a clown painted in the newspaper. The Joker was lying on the ground, holding an Apple game console in his hand, and he looked up with fear at the four "giants" standing in front of him and smiling at him, Nintendo. Atari, Sony, Sega.

On the same day, Apple's stock price plunged again.

According to the analyst, "the failure of Apple's console is inevitable. 1994 year. Powerful companies such as Atari and Sony have entered the home console industry, but Apple has chosen this moment to enter. It's obviously a mistake!"

"There are three failures of Apple's game consoles. First, the performance of the game console is insufficient; Lack of support from third-party game companies, and thirdly expensive, whether it's Atari Jaguar. Or Sony's PlayStation, the price is under $200, and they are trading the market at a loss. And Apple is already a candle in the wind, and it can't afford to lose money at all, and it's priced at $250! Just imagine, who wants to buy such an expensive Apple game console? Anyway, I don't want to!"

Apple can only rely on the brand to fool some Apple fans to buy, but others are not stupid, why should they 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 also lost money. On December 20, Apple couldn't hold on and officially filed for bankruptcy protection with the local court.

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

The Apple company founded by Steve Jobs was the pride of Americans, it ushered in the era of personal computers, created a legend on the NASDAQ, and became a giant among personal computer manufacturers in the computer industry! It is embarrassing that such a company is about to file for bankruptcy protection in an instant!

"Now Apple is a mess, who would want to take over?" many people wondered.

At this time, Sun took the lead in sending someone to contact Apple and proposed to buy Apple for $3.7 billion. Henry had been concerned about Apple, and Sun's actions immediately alerted Henry. Henry also immediately sent a team to initiate an acquisition of Apple and proposed to buy Apple for $4 billion.

Originally, Sun's acquisition of Apple attracted many surprises, but when Henry Williams launched an acquisition of Apple, the United States was shocked!

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

"I can't read it, I can't read it at all. But I'm sure that what Henry Williams likes is good!"

“……”

On the same day, Apple's stock price skyrocketed, rising to $4 billion in one fell swoop.

Henry Williams valued Apple's acquisition at $4 billion, so Apple is worth $4 billion, and shareholders have a lot of confidence in Henry!

At this time, Sun Company was speechless, and said in his heart, my brother finally got a good time, and he wanted to buy Apple, but he never thought that he would kill a richest man halfway, how can this be done?

To quit or not to quit, this is a question, and Sun is a little nerve-wracking.

In recent years, with the rise of the Internet, the computer industry has been very prosperous, and Sun has made a lot of money selling workstations, and the company's market value has soared to nearly $50 billion. The acquisition of Apple is intended to expand the company's business by entering the PC market. However, in the face of the behemoth of Henry, I can't help but feel a little cowardly!

Apple, on the other hand, is more inclined to be acquired by Henry in the face of Sun and Henry.

However, Apple's shareholders still hope that Henry can pay a higher price. Apple was only temporarily in trouble, and its market value fell below $4 billion, so the company's shareholders were not willing to let Apple sell only $4 billion.

It's like a rich man who suddenly becomes poor, but he still doesn't adapt to it in a short time, and he still has a little bit of pride.

"Brother used to be wide, what is this money, do you want to eat......"

That's right, Apple's shareholders are roughly the same mentality.

In the previous life, Sun offered $3.7 billion and was almost close to buying Apple, but a major shareholder was a little unwilling and did not negotiate in the end.

This time, Sun quickly pulled out of the acquisition. Because Apple saw Henry join the acquisition, its body immediately stood up, and the price shouted $5 billion. Although the market value of Sun Company is high, it does not have much liquidity! What's more, Apple is still a mess, and after the acquisition, I don't know if it can reverse its profit and loss, and maybe it will drag Sun Company down!

After comprehensive consideration, Sun naturally decided to withdraw from the acquisition.

And Henry still thinks it's worth spending $5 billion to buy Apple. Apple's brand, talent, technology, and patents are all what Henry wants, and before Apple made cameras and game consoles, it had a market value of more than $5 billion. The reason why the market value is so low is that firstly, the confidence of shareholders in it has declined, and secondly, the losses are serious and they are burdened with heavy debts!

Henry bought Apple and had to pay off the debt, but not much, about $200 million.

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

The wind was cold, and the sky was snowing like goose feathers.

In a villa in California, Steve Jobs watched Apple's press conference in a daze, as if he had lost his soul......

(Jobs hid in a corner and cried...... Please vote hard and support the subscription!)

[It's about to be 515, I hope to continue to hit the 515 red envelope list, and the red envelope rain will be able to give back to readers and promotional works on May 15. A piece is also love, and it must be better!] (To be continued.) )