Citation
Annual Report (Form 10-K)
TL;DR
Without intervention, bankruptcy by Q4 1997
Official SEC filing documenting Apple's financial state in 1997 - the primary source for the $1 billion cash / $1 billion burn rate figures that made the emergency hibernation necessary.
Key Findings from Inc. (1997)
- $1 billion in cash reserves
- $1 billion annual burn rate
- Without intervention, bankruptcy by Q4 1997
- Official financial documentation of crisis