IBM are a goliath force to be reckoned with in the computer world and they have been public in expressing their interest in breaking into the online storage market, and with their end of year profits look as good as they do, it shouldn’t be too long before we see them get their online storage plans up and running. The company reported revenue just shy of $30 billion with net profit at $5.5 billion, and I’m not exactly sure how much it is to set up an online storage venture but I think $5.5 billion should be sufficient. IBM have invested in private online storage ventures on a small scale but their ambitions are for much bigger things, i.e. global online storage market leader! IBM earnings per share are also on the up, and if more money is pumped into the company then we can expect to see their online storage plans progress faster than expected. Online storage relies on buying server space, and with IBM generating huge profits it is likely they will be able to buy a large amount of server space, meaning that they will be able to offer a good price to their consumers. There are huge profits to be made through online storage, so IBM will be looking forward to starting their online storage venture.
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