And then IBM themselves were immediately blown the fuck out by various cheapo clones, it is really hilarious when you think about it.
X86 Virtualization on other architectures
Cameron Price
Jayden Ross
IBM wanted to abandon the PC for their new PS/2 system, while the market said "nah, we wanna stick to PC now, be it with or without you IBM".
Hunter Reyes
Apple existed, so that's wrong. But everyone in business world standardised on IBM PC because "nobody ever got fired for buying IBM", and also it had Visicalc. But it was expensive compared to other computers (except Apple Mac and actual Unix workstations). Even some 8-bit computers had better graphics and sound capabilities.
Anyway, they pushed the shitty Win95 hard and OS/2 didn't make it despite being much better. It's like they settled on the worst possible platform.