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==History==
April 7, 1964 was the announcement of the then-new [[IBM System/360]], to be available in six models. The top three (60, 62, 70) were never shipped. The '''360/40''' was the middle of the three ([[IBM System/360 Model 30|30]], 40, [[IBM System/360 Model 50|50]])
Along with the [[IBM System/360 Model 30|360/30]], these were the two largest revenue producing [[IBM System/360#Summary of models shipped|System/360 models]],<ref name=IBMbook>{{cite book|last1=Pugh|first1=Emerson W.|last2=Johnson|first2=Lyle R.|last3=Palmer|first3=John H.|title=IBM's 360 and early 370 systems|date=1991|publisher=MIT Press|___location=Cambridge, Mass.|isbn=9780262161237}}</ref> accounting for over half the units sold.<ref>An [[Automatic Data Processing|ADP]] Newsletter cited on page 56 in {{cite book|editor-last=Weiss|editor-first=Eric A.|title=Computer Usage Essentials|date=1969|publisher=McGraw-Hill|lccn=71-76142}} shows sales of the 360 Model 30 (36%) and the Model 40 (22.6%), for a total of 58.6%</ref>
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