Back in 2007 to early 2010s? Sure. Certainly not these days though they more or less reinvented themselves (e.g. Windows is basically a side gig at this point, much like Android is for Google).
Well neither IBM is doing much in terms of business machines lately. They are still a second tier giant with enormous turnover. They own a few pieces of popular tech either via acquisitions or licensing agreements but none that came from within the business. Nobody in the industry particularly cares what they're up to.