Amid its relative decline, beginning in the 1990s, the company began downsizing its operations and divesting from commodity production, most notably selling its personal computer division to the Lenovo Group in 2005. Īfter pioneering the multipurpose microcomputer in 1980s, which set the standard for personal computers, IBM began losing its market dominance to emerging competitors.
During the 1960s and 1970s, the IBM mainframe, exemplified by the System/360, was the dominant computing platform, and the company produced 80 percent of computers in the United States and 70 percent of computers worldwide. For the next several decades, IBM would become an industry leader in several emerging technologies, including electric typewriters, electromechanical calculators, and personal computers. It was renamed "International Business Machines" in 1924 and soon became the leading manufacturer of punch-card tabulating systems. IBM was founded in 1911 as the Computing-Tabulating-Recording Company (CTR), a holding company of manufacturers of record-keeping and measuring systems. patents generated by a business for 29 consecutive years from 1993 to 2021.
IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, and has held the record for most annual U.S. It specializes in computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The International Business Machines Corporation ( IBM), nicknamed Big Blue, is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 175 countries.
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