> Ibm was not in the punch card machine making business. It was in the data processing business, and still is.

IBM absolutely was in the punch card machine making business in that they were absolutely selling punch card machines and not data processing consulting. And no, they are not in the data processing business today. They are clearly a consulting company first with some software development bolted.

They actually pivoted twice from a mostly hardware company to a mostly software one and once again to a mostly service based one.