IBM announces the PCjr in November 1983. Following the success of the IBM PC, IBM attempts to capture the home market with the IBM PCjr. The $1,300 computer has an 8088 processor, comes with a CGA monitor, and a single 5-1/4 inch floppy disk drive. Predicted to be a huge success, the computer fails to compete with other portables coming onto the market. The PCjr is discontinued in 1985.
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