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What killed the Apple III



	My "ACM: The History of Electronic Computing" lists as a big 
event for 1981 the following:

	"A year after its announcement, the doomed Apple III ships,
suffers nearly 100% failure rate."

	I assume they don't mean that nearly 100% failed to work!  What
(or who) killed the Apple III?  Was it the introduction of the 
PC?  A wretched design?