<ul><li>In May 1992, Apple co-founder Steve Jobs' company NeXT faced trouble after losing a crucial deal with Businessland as the computer retailer closed its stores.</li><li>Businessland, once America's largest computer retailer, had signed a deal with NeXT in 1989 to sell 100,000 NeXT computers over three years, but the machines proved too expensive and only 360 units were sold.</li><li>The closure of Businessland in May 1992 marked a low point for NeXT, leading to layoffs and significant challenges for Jobs. However, NeXT's fortunes turned around with Pixar's success and the sale of its operating system to Apple.</li><li>Within five years of the Businessland closure, Steve Jobs was back running Apple, showcasing a remarkable turnaround in his career.</li></ul>

Today in Apple history: Computer retail giant’s closure hits NeXT hard

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