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It has continued to sell low-margin commodity businesses, such as hardware.
They have little alternative, if they wish to avoid becoming a collection of commodity businesses.
"They're all commodity businesses," said Hiroshi Yoshihara, an analyst at Nikko Salomon Smith Barney in Tokyo.
But progress will be stymied without the air connectivity on which international commodity businesses and their suppliers depend.
In commodity businesses, the firm with the lowest price, which is often achieved by selling at the highest volume, wins the most customers.
He changed IBM's portfolio, shedding slow-growing commodity businesses such as personal computers and moving into booming sectors such as consulting and cloud computing.
Similar(27)
"It's a commodity business," he said.
But today plastics is a low-growth, commodity business.
"If all you are focused on is price you are in a commodity business.
Companies use the term "commodity business" to describe humdrum, low-margin activities.
It is a heady vision for what many think of as a dull commodity business.
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