JANUARY 1969—JOHN LENNON SAYS “APPLE IS LOSING MONEY EVERY WEEK BECAUSE IT NEEDS CLOSE RUNNING BY A BIG BUSINESSMAN. IT DOESN’T NEED TO MAKE VAST PROFITS BUT IF IT CARRIES ON LIKE THIS ALL OF US WILL BE BROKE IN SIX MONTHS. APPLE NEEDS A NEW BROOM AND A LOT OF PEOPLE THERE WILL HAVE TO GO.” AN OFFICIAL OF THE COMPANY COMMENTED…”LET THE QUOTE REST. WE HAVE OUR BUSINESSMAN AND WE ARE DOING OUR STREAMLINING.”
APPLE IS A $2.4 MILLION COMPANY COVERING MUSIC PUBLISHING, TELEVISION SHOPS, MOVIES AND ELECTRONICS. IT HAS HEADQUARTERS IN LONDON’S SAVILE ROW, WITH A STAFF OF 30 TO 40 PERSONS.
BEATLE GEORGE HARRISON ADDS….”APPLE HAS PLENTY OF MONEY….WE ALL HAVE. WHEN JOHN SAID WE WERE LOSING MONEY, HE WAS TELLING ABOUT GIVING TOO MUCH AWAY TO THE WRONG PEOPLE. WE HAVE GIVEN TOO MUCH TO CHARITY, WE’VE JUST BEEN TOO GENEROUS AND THAT’S GOING TO STOP.” RUMORS HAVE BEEN CIRCULATING THAT HARRISON AND LENNON HAD A FIERCE QUARREL THAT BROKE UP REHEARSALS FOR A BEATLE TELEVISION EVENT LAST WEEKEND.