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1948

 
 
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IBM's first large-scale digital calculating machine, the Selective Sequence Electronic Calculator (SSEC) IBM's first large-scale digital calculating machine, the Selective Sequence Electronic Calculator (SSEC), is announced. The SSEC is the first computer that can modify a stored program, and featured 12,000 vacuum tubes and 21,000 electromechanical relays.
IBM 604 Electronic Calculating Punch IBM introduces the IBM 604 Electronic Calculating Punch. The mass-produced 604 features the industry's first assemblage of digital electronics replaceable as a unit. Service engineers can simply pull out a defective unit of the 604 and plug in a replacement, reducing downtime.

 
People
  Employees 24,940  

Finance
  Revenue $156 M
+ 13 %
 
  Net earnings $28 M
+ 17 %