The IBM 7030 Data Processing System — or “Stretch” computer — was delivered in April 1961, offering a performance that was 200 times faster than the IBM 701, 40 times faster than the IBM 709 and seven times faster than the IBM 7090. Although the 7030 was the industry’s fastest computer in 1961, its performance was far less than originally predicted. IBM cut its price from $13.5 million to $7.8 million and offered the 7030 to only eight customers.
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