IBM announces record-breaking losses

19th January 1993
IBM announces record-breaking losses

IBM announces a loss of $4.97 billion for 1992, the largest single year loss in US history at that time.

For decades, IBM had been the predominant force in business computing. However the 1990s saw a dramatic collapse in IBM's fortunes. An influx of cheap PC clones and a lack of technological leadership are just some of the reasons commonly cited for IBM's problems.

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IBM announces record-breaking losses

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