Behind Apple's Tax Situation, an Unprecedented Financial Policy

The European Union recently hit Apple with a $14.5 billion tax bill, but that’s hardly the first or worst financial challenge the technology giant has faced. In 1997, the company suffered a near-death experience that caused it to completely reimagine itself. The result was a new line of products and an unprecedented financial model. Mihir Desai explains the financial wiring behind the inventors of the iPhone.