Typewriters
Typewriters

IBM bought Electromatic Typewriters in 1933, and Big Blue sold the first commercially successful electric typewriter two years later.

By 1958, IBM had sold 1 million electric typewriters. It introduced the first Selectric typewriter in 1961, which had a ball-shaped element inside that replaced the moving carriage and type bars.

But by 1991, IBM realized the personal computer would soon eliminate the need for typewriters. It sold the business that year to Clayton & Dubilier, which formed a new typewriter and printing company called Lexmark.


Last updated June 16 2011: 9:21 AM ET
Join the Conversation

How IBM grew from annual sales of $950,920 into a global Goliath. More

100 years of breakthroughs More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.