IBM, once a pinnacle of American technology, has experienced a significant downturn over recent decades, transitioning from a Fortune 500 giant to a struggling entity. While it recently posted a 1% revenue increase to $14.5 billion, its earnings per share plummeted 33%, reflecting its challenges in the current tech landscape dominated by giants like Microsoft, Apple, and Amazon. IBM's market share in emerging sectors like cloud computing and AI is alarmingly low, reinforcing the notion that it has lost touch with key technological advancements.
Among America's greatest tech companies, IBM's transformation from a leader to a shadow of its former self showcases its drastic decline over recent decades.
Despite a recent 1% revenue rise to $14.5 billion, IBM's EPS fell by 33%, highlighting its struggle compared to peers like Microsoft.
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