Apple investors rejoice in Newton's demise
Published: 05 Mar 1998 15:01 GMT
Apple's stock has leapt in value following the decision to end Newton production, the latest bitter pill in a course of harsh medicine being administered by CEO Steve Jobs. The Newton, which never made up more than one per cent of Apple's turnover, was a loss maker from first to last. But its demise will consequently help restore the manufacturer to the black, if only in a small way, say analysts.
Such information will not come as any comfort to existing Newton programmers and users, who are planning a series of demonstrations outside the company's Cupertino headquarters.
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