Several computer-industry competitors went broke as rumors leaked of project "Peanut" by Big Blue, a consumer PC that would bring computing to the masses. "The PCjr has no design limitations," the company had declared.
When it made its debut in late 1983, the $800 PCjr's chiclet keyboard, which had 62 keys versus the IBM PC's 83, was its Achilles' heel. Limited memory also hurt its chances. A massive inventory pileup of the machines followed. It soon was exacerbated by the 1984 launch of the Apple Macintosh. IBM killed the line in 1985.