"The first Macintosh was introduced on January 24, 1984; it was the first commercially successful personal computer to feature a mouse and a graphical user interface rather than a command-line interface. The company continued to have success through the second half of the 1980s, only to see it dissipate in the 1990s as the personal computer market shifted towards IBM PC compatible machines running MS-DOS and Microsoft Windows."
Check your timeline. By 1990 betting on Microsoft was not betting against Steve Jobs.
Steve Jobs left Apple in 1985. Windows 1.0 was released in the same year. However Windows struggled at that point. According to Microsoft (see http://www.microsoft.com/windows/winhistorydesktop.mspx for confirmation) the first successful version of Windows was Windows 3.0. That was released in 1990, and its main competitor was a severely mismanaged Apple. At that point Bill Gates was emphatically not competing against Steve Jobs.
Yes it was.
http://en.wikipedia.org/wiki/Macintosh
"The first Macintosh was introduced on January 24, 1984; it was the first commercially successful personal computer to feature a mouse and a graphical user interface rather than a command-line interface. The company continued to have success through the second half of the 1980s, only to see it dissipate in the 1990s as the personal computer market shifted towards IBM PC compatible machines running MS-DOS and Microsoft Windows."