One of the most important manufacturers of minicomputers was Digital Equipment Corporation (DEC) with its Programmed Data Processor (PDP). In 1960 DEC’s PDP-1 sold for $120,000. Five years later its PDP-8 cost $18,000 and became the first widely used minicomputer, with more than 50,000 sold. The DEC PDP-11, introduced in 1970, came in a variety of models, small and cheap enough to control a single manufacturing process and large enough for shared use in university computer centres; more than 650,000 were sold. However, the microcomputer overtook this market in the 1980s.