Editing Compaq Portable (section)

== Production and sales==
The Compaq Portable was announced in November 1982 and first shipped in March 1983,<ref name=oldcomputers>{{cite web|title=Compaq I Portable computer|url=http://www.oldcomputers.net/compaqi.html|website=www.oldcomputers.net|accessdate=25 July 2016}}</ref> priced at {{US$|2995|1983|round=-2}} with a single half-height {{frac|5|1|4}}" {{val|360|u=KB}} diskette drive or US$3,590 for dual, full-height diskette drives. The {{convert|28|lb|abbr=on|adj=on}}{{r|dahmke198301}} Compaq Portable folded up into a [[luggable]] case the size of a portable [[sewing machine]].

IBM responded to the Compaq Portable with the [[IBM Portable PC]], developed because its sales force needed a comparable computer to sell against Compaq.<ref name="Rosenberg">{{Cite news |title=Doubts Raised About PCjr |last=Rosenberg |first=Ronald |date=1984-02-28 |work=The Boston Globe}}</ref>

Compaq sold 53,000 units in the first year with a total of {{US$|111 million}} in revenue, an American Business record. In the second year revenue hit {{US$|
329 million}} setting an industry record. Third year revenue was at {{US$|503.9 million}}, another US business record.<ref name=oldcomputers/>