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August 16th, 1999

[8:30 AM]
iMac Celebrates 1st Birthday
Apple and the iMac celebrated an important day yesterday, the iMac's 1st birthday! Apple released the iMac to great fanfare on August 15th, 1998, with volunteers helping to staff CompUSAs around the country. We think it safe to say that the world has not been the same since.

According to Steve Jobs's keynote at MACWORLD Expo New York, Apple has now sold 1.9 million iMacs during the last year, exceeding almost everyone's expectations. Those sales have helped fuel Apple continued rise and helped reverse the doubts that most felt about Apple, especially those outside the Mac faithful. In fact, Wall Street pushed Apple's stock to 50% higher than it was trading one year ago, and that mark had grown considerable in the days leading to the iMac's release.

Many analysts, especially on the Wintel side, predicted that the iMac would be a short-lived fad. Instead, we have seen that the iMac is stronger than ever and is now setting PC design trends, at last.

The Mac Observer Spin: It's been an amazing ride during the last year and the iMac was a big part of that ride. Think about the Mac market and your thoughts about that market one year ago.

The iMac is here to stay, and we think that the world is a better place for it. Thanks to Steve Jobs and the Apple Team for bringing us the iMac!


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