GENERAL KNOWLEDGE

Detailed explanation-1: -Those tactics enabled them to develop and announce the IBM PC in 12 months–at that time faster than any other hardware product in IBM’s history. On August 12, 1981, at a press conference at the Waldorf Astoria ballroom in New York City, Estridge announced the IBM Personal Computer with a price tag of $1, 565.

Detailed explanation-2: -IBM PC. IBM Corporation, the world’s dominant computer maker, did not enter the new market until 1981, when it introduced the IBM Personal Computer, or IBM PC. The IBM PC was significantly faster than rival machines, had about 10 times their memory capacity, and was backed by IBM’s large sales organization.