Mad Dog 21/21: Phoenix Envy
November 12, 2018 Hesh Wiener
IBM is understandably concerned that its annual revenue, likely to be about $80 billion this year, is 25 percent less than it was in 2011, when it reached nearly $107 billion. The company’s revenue increased during the first two quarters of 2018 after falling every quarter for five and a half years, but its falling fortunes have discouraged customers, employees, and investors. Apple, the largest technology company in the world, boasts revenue that is three times that of IBM. It nearly failed in 1997, but Microsoft helped it rise from its own ashes like the Phoenix.
The …
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