Around 28:26 in the Steve Jobs closing keynote of WWDC ’97:

A few weeks ago, the Wall Street Journal [said that] in this industry, the only companies doing really well are Intel, Microsoft and perhaps Compaq.

How things change. One thing that doesn’t was Jobs’s response to the question, highlighting how Apple has worked since his return to the company:

I think every good product that I’ve ever seen in this industry […] is because a group of people cared deeply about making something wonderful that they and their friends wanted. They want to use it themselves.

Original link via Daring Fireball.