June 13, 1989: Canon Inc. invests $100 million in NeXT Inc., the computer company founded by Steve Jobs after he left Apple.
The massive cash infusion gives Canon a 16.67% stake in NeXT. It also helps the money-losing company find a direction that ultimately leads Jobs back to Cupertino.
In the music industry, they talk about the “difficult second album.” Fortunately that didn’t hold true when it came to Apple releasing its highly successful second-gen iPhone, which it unveiled for the first time on June 9, 2008.
Adding GPS, 3G data and a higher-quality build than its predecessor, the iPhone 3G was arguably just as revolutionary for what it did on the software side. iOS 2 arrived at the same time, and introduced push email, turn-by-turn navigation and, most significantly of all, an App Store — something Steve Jobs had previously been adamant Apple would’t allow.
Check out the debut of the iPhone 3G below.