IBM Pulls PCs Out of U.S. Stores IBM Pulls PCs Out of U.S. Stores Paul Jones
IBM, whose name has been synonymous with personal computers for two decades, said Tuesday it is pulling its money-losing line of PCs from retail stores in the United States, and will sell them exclusively over the Internet in a drastic move to cut costs.
Aptiva PCs will disappear from shelves starting Jan. 1. IBM's ThinkPad laptops, which are profitable, will continue to be available in stores.
The retreat underscores the enormous pressure facing the nation's third-largest PC maker. IBM's Personal Systems Group, which sells PCs to both consumers and businesses, lost about $150 million in the second quarter and nearly $1 billion last year.
