Not entirely. About a quarter of our revenue comes from mainframes - not just the hardware, but the ecosystem around it. See the bottom of http://www.nytimes.co

Not entirely. About a quarter of our revenue comes from mainframes - not just the hardware, but the ecosystem around it. See the bottom of http://www.nytimes.com/2015/07/21/technology/-2015-07-21-technology-ibm-revenue-falls-13-percent-despite-big-gains-in-new-fieldshtml.html?ref=topics http://www.nytimes.com/2015/07/21/technology/-2015-07-21-tec.... I work for IBM Research, but not in hardware.