I was never a big fan of Apple until I received an iphone a few weeks ago as an early Christmas present. To be honest, I was quite impressed with it’s versatility and abilities. I came across to an article about Steve Jobs’ impact on his company and I was very intrigued in the changes he has done with Apple.
In September 1997, Apple lost over $1 billion and was in a very devastated state. When Steve Jobs returned in the same year as Apple’s CEO, he was determined to find the major problem that is hurting his company. As a result, the critical problem was found in Apple’s line of product. The company was producing too many verisons of the same product in order to satisfy its retailers. Jobs was able to reduce Apple’s product line by 70 percent and reduce labor costs. Apple was able to make a profit of over $300 million in the following year.
Steve Jobs once said that “Deciding what not to do is as important as deciding what to do” and it applies for companies as well as for products. Apple does not carry various verisons of the same product nowadays. What seperates their product is essentially the products memories (16GB, 32GB etc).I never thought that a product line would be this essential to a company’s survival. Jobs was able to reduce his line of product by creating a product that is versatile and has many capabilities.












