What is IBM famous for?

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.

Key Takeaways. IBM sells software, offers consulting services, and provides hybrid cloud infrastructure solutions. The Software segment is IBM’s biggest source of revenue and profits.

IBM, in full International Business Machines Corporation , leading American computer manufacturer, with a major share of the market both in the United States and abroad. Its headquarters are in Armonk, New York.

U.S. International Business Machines Corporation (IBM) is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries.

IBM has a global presence, operating in more than 175 countries with a broad-based geographic distribution of revenue.

This company designs, manufactures and markets industrial electric motors, drives, and mechanical power transmission products . The company sells its products to distributors and original equipment manufacturers in more than 70 countries worldwide.