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Read history, whenever an industry gets too distasteful for IBM they sell it. E.g. Desktops/Laptops and more recently servers to Lenovo. The products might be supported by a lot of services, a mainframe might not be cheap but nor are mainframe consultants. A lot of large corporates still use mainframes and some probably have no plans to get rid of them.

Edit: Grammar mistake

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IBM is a master at reinvention. They regularly discard unprofitable businesses and expand into profitable ones. In 2014, they disposed of businesses representing $7b in revenue but -$500m in profit.

Managing to the future by getting rid of the dead weight is the only way you can survive to be a 100+ year old company in the technology space.

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