{"id":2257,"date":"2004-02-19T14:44:01","date_gmt":"2004-02-20T06:44:01","guid":{"rendered":"http:\/\/michaelhans.com\/eclecticism\/2004\/02\/19\/apple-out-of-debt\/"},"modified":"2019-12-09T16:23:56","modified_gmt":"2019-12-10T00:23:56","slug":"apple-out-of-debt","status":"publish","type":"post","link":"https:\/\/michaelhans.com\/eclecticism\/2004\/02\/19\/apple-out-of-debt\/","title":{"rendered":"Apple out of debt"},"content":{"rendered":"<div class='__iawmlf-post-loop-links' style='display:none;' data-iawmlf-post-links='[{&quot;id&quot;:11711,&quot;href&quot;:&quot;http:\\\/\\\/99mac.se\\\/?id=34&quot;,&quot;archived_href&quot;:&quot;https:\\\/\\\/web-wp.archive.org\\\/web\\\/20070103153237\\\/http:\\\/\\\/99mac.se:80\\\/?id=34&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-03-11 18:43:28&quot;,&quot;http_code&quot;:403}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-03-11 18:43:28&quot;,&quot;http_code&quot;:403},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:11712,&quot;href&quot;:&quot;http:\\\/\\\/apple.slashdot.org\\\/article.pl?sid=04\\\/02\\\/18\\\/196222&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;https:\\\/\\\/apple.slashdot.org\\\/article.pl?sid=04\\\/02\\\/18\\\/196222&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;}]'><\/div>\n<p>Impressive, really &#8212; even with the economy in the shape it&#8217;s been lately, Apple has been doing so well that they were just able to pull themselves out of debt, according to <a href=\"http:\/\/99mac.se\/?id=34\" title=\"Steve Jobs meddelar att Apple \u00e4r skuldfritt\">this internal Apple memo<\/a>:<\/p>\n<blockquote><p>\n  Team,<\/p>\n<p>  Today is a historic day of sorts for our company. When I arrived back at Apple in mid-1997, the company was burdened with \\$1 billion of debt. Through everyone&#8217;s hard work we turned Apple around, paid off the majority of our debt and began to amass a war chest of cash in the bank which has grown to about \\$4.8 billion! But there was still \\$300 million of remaining debt, which we decided to hold to maturity.<\/p>\n<p>  Today we used \\$300 million of our cash to pay off this remaining debt.<\/p>\n<p>  Apple is now a debt-free company &#8212; for the first time in over a decade!<\/p>\n<p>  It sure feels good.<\/p>\n<p>  Steve\n<\/p><\/blockquote>\n<p>(via <a href=\"http:\/\/apple.slashdot.org\/article.pl?sid=04\/02\/18\/196222\" title=\"\/.: Apple Now Debt Free, Says Internal Memo\">\/.<\/a>)<\/p>\n<p><strong>iTunes:<\/strong> &#8220;The Moon, Part 1&#8221; by Speakeasy from the album <em>Common Ground<\/em> (1995, 3:33).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Impressive, really &mdash; even with the economy in the shape it&#8217;s been lately, Apple has been doing so well that they were just able to pull themselves out of debt.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2039],"tags":[65],"class_list":["post-2257","post","type-post","status-publish","format-standard","hentry","category-apple","tag-technology"],"_links":{"self":[{"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/posts\/2257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/comments?post=2257"}],"version-history":[{"count":0,"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/posts\/2257\/revisions"}],"wp:attachment":[{"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/media?parent=2257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/categories?post=2257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michaelhans.com\/eclecticism\/wp-json\/wp\/v2\/tags?post=2257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}