After years of research, in 1993 Apple Computer launched a groundbreaking product called the Newton. It was a huge success, selling more than 100,000 units in its first weeks. But in just a few months, Newton turned into the most public flop in the company’s history. About fourteen years later, Apple launched the iPhone. It wasn’t particularly well reviewed, and only sold a million units in its first 74 days on sale. Hardly much of an improvement on the Newton. Since then, it has sold 2.3 billion more units, making it the most profitable consumer product of all time.
