Editing Jack Tramiel (section)

===Home computers===
Peddle responded with the [[Commodore PET]], based on his company's [[MOS Technology 6502]] processor. It was first shown, privately, at the Chicago [[Consumer Electronics Show]] in 1977, and soon the company was receiving 50 calls a day from dealers wanting to sell the computer.<ref name=early/> The PET became a success—especially in the education field, where its [[All-in-one PC|all-in-one]] design was a major advantage. Much of their success with the PET came from the business decision to sell directly to large customers, instead of selling to them through a dealer network. The first PET computers were sold primarily in Europe, where Commodore had also introduced the first wave of digital handheld calculators.<ref name=early/>

As prices dropped and the market matured, the PET's [[monochrome monitor]] (green text on black screen) was at a disadvantage in the market when compared to machines like the [[Apple II]] and [[Atari 8-bit computers]], which offered color graphics and could be hooked to a television as an inexpensive display. Commodore responded with the [[VIC-20]], and then the [[Commodore 64]], which became the best-selling home computer of all time.<ref>[https://www.telegraph.co.uk/technology/news/9449764/Commodore-64-at-30-computing-for-the-masses.html "Commodore 64 at 30: computing for the masses"], The Telegraph</ref> The VIC-20 was the first computer to sell one million units. The Commodore 64 sold several million units. It was during this time that Tramiel coined the phrase, "We need to build computers for the masses, not the classes."<ref>[http://retro.ign.com/articles/105/1057252p2.html "Gamer Decades: The 1980s"], IGN</ref> An industry executive attributed to Tramiel the discontinuation of the [[TI-99/4A]] home computer in 1983, after the company had lost hundreds of millions of dollars, stating that "TI got suckered by Jack".<ref name="ahl198403">{{cite news | url=https://archive.org/stream/creativecomputing-1984-03/Creative_Computing_v10_n03_1984_Mar#page/n31/mode/2up | title=Texas Instruments | work=Creative Computing | date=March 1984 | access-date=February 6, 2015 | author=Ahl, David H. | pages=30–32 | author-link=David H. Ahl}}</ref> By 1983 Commodore had $1 billion in annual revenue.{{r|leemon198405}}