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Microsoft announced on Jthat Internet Explorer would no longer be supported on Macs. Microsoft Internet Explorer 5.2.1 was the last version released for Mac OS X on July 11, 2003. Since 2012, Internet Explorer and Firefox had lost global market share to Chrome and Safari. After the conclusion of the 5 year period, Apple introduced their own Safari web browser in January 2003 to replace Internet Explorer on Mac OS X. Though the joint announcement and Bill Gates' appearance on live video were met with shock, the investment from Microsoft helped save Apple from bankruptcy. In return, Microsoft agreed to continue developing software such as Microsoft Office for the Mac and make an investment of $150 million in Apple non-voting stock. In August 1997, Apple co-founder Steve Jobs announced at Macworld Expo Boston that Internet Explorer would be included by default with future Mac OS releases for the next 5 years.
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