Part 3/10:
However, competition intensified as other companies reverse-engineered the IBM PC, flooding the market with cheaper alternatives running on Windows. This commoditization led to a dramatic decline in IBM's market share, which plummeted to merely 20% by 1993. Faced with declining revenues, IBM decided to exit the PC business entirely, selling its division to Lenovo in 2005. This critical juncture redirected IBM's focus onto enterprise solutions, an area in which the company has since excelled.