The last time Apple felt itself falling behind in a key market ...Steve Jobs panicked when he realized Apple was being overtaken by Napster.
<p>FORTUNE -- The year was 1999. Steve Jobs was on stage at Macworld introducing the latest iMac with Firewire, Quicktime and iMovie. He told the faithful that iMovie was going to be to the Mac what desktop publishing had been 15 years earlier. Internally, the whole company -- hardware, software, marketing -- was aligned with making Macs the best computers for making home movies.</p>
<p>Fast forward 14 months and
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The last time Apple felt itself falling behind in a key market ...
