Lenovo bought IBM's PC business for $1.75 billion in 2004, or about $2.51 billion adjusted for inflation. Lenovo's PC and smart device sales hit a record 12.4 b

Lenovo bought IBM's PC business for $1.75 billion in 2004, or about $2.51 billion adjusted for inflation. Lenovo's PC and smart device sales hit a record 12.4 billion in its FY2020, mostly due to Windows-based PCs. I would argue that had IBM ceded software to Microsoft, and had it focused on hardware and PowerPC chip compatibility, the company could have greatly improved on the 20% margins that were the impetus for selling its PC business to Lenovo.