IBM 701 introduced | IBM’s first electronic computer | Techday, May 21st
One of IBM’s earliest achievements was introducing its first electronic computer. The IBM 701 arrived on this TECHDAY in history, on May 21st 1952. It was a computer that marked a watershed moment for IBM. The announcement of the IBM 701 marked a shift from the company’s traditional business model of supplying products like punched cards and paper tape to becoming an innovator in computing technology. Nineteen of the machines were sold, mainly to the government and military installations. They rented for $8,100 per month (equivalent to $56.000 in 2010).
The present model was the first commercial scientific computer released by the company, based on the IAS machine at Princeton. It was the first of the IBM 7xx series, the high-end computer series by the manufacturer. Its sucessor was the IBM 704, released 4 years later, incompatible to the 701. With the sucessor, though, IBM marked the transition to the magnetic core memory.
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Author: PC-GR
The World of Technology
