What does IBM do as a company?

IBM sells IT services, cloud and cognitive offerings, and enterprise systems and software . The Global Technology Services segment is IBM’s biggest revenue source, but Cloud & Cognitive Software is the most profitable. IBM strives to be a leading provider in the hybrid cloud and AI.

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Why did IBM fail?

In 1993, IBM stunned the world by reporting quarterly losses of $8bn, caused by increased competition and a changing market . IBM was failing to compete with the new breed of innovative software companies and hardware producers who could make computers much more cheaply. … “This was an immense blow to IBM.

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