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The IBM AS/400 is a family of midrange computers from IBM announced in June 1988 and released in August 1988. It was the successor to the System/36 and System/38 platforms, and ran the OS/400 operating system. Lower-cost but more powerful than its predecessors, an estimated 111,000 installations existed by the end of 1990 and annual revenue reaching $14 billion that year, increasing to 250,000 systems by 1994, and about 500,000 shipped by 1997.
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