Episode 737 • • 22:46 - 27:18
737: Sculley and Heil
ARM Processor, Newton and Apple's Financial Survival
John Sculley details the creation of the ARM processor, which was originally developed for the Apple Newton in partnership with Acorn Computer's Herman Hauser. Although the Newton was not a commercial success, Apple's 43% stake in ARM was later sold for $800 million. Sculley credits this windfall, orchestrated by Gil Amelio, with keeping Apple afloat long enough to acquire NeXT and bring back Steve Jobs.