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In 1996, Pepsi had officially lost the Cola War. While PepsiCo would make a comeback in the next 15 years, mostly due to its massive snack business, Fortune was right: Pepsi the drink was in decline.
The Coca-Cola Company Reports Full-Year and Fourth Quarter 2011 Results. Strong full-year global volume growth of 5% led by brand Coca-Cola, up 3% for both the full year and the quarter. Full-year and fourth quarter global volume grew across every geographic operating group.
The campaign suggested that, when it came down to taste alone, consumers preferred Pepsi over Coca-Cola. This prompted Coca-Cola's creation of "Diet Coke," and later on, "New Coke," both of which led to a major shifting point in the cola wars.
The great Cola Wars of the 1980s were a battle between Coca-Cola and PepsiCo for dominance. The disastrous introduction of \u201cNew Coke\u201d in 1985 appeared to set Coca-Cola back.
Up in North Carolina, another pharmacist invented his own sugar drink in 1893. After seeing the success of Coca-Cola, he changed his soda's name from \u201cBrad's Drink\u201d to \u201cPepsi-Cola\u201d in 1898 and founded the Pepsi-Cola Company in 1902.

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The Wall Street Journal Declares Diet Coke the Winner of the 'Cola Wars' Although Coca-Cola sales had topped Pepsi's sales for years, the two sodas were always No. 1 and 2, respectively.
More than a decade after Coca-Cola was kicked out of India in a burst of economic nationalism, a new cola war has erupted here over a proposal to let Pepsi-Cola compete with local soft-drink producers. The fight makes the fierce competition between Coke and Pepsi in the United States look polite by comparison.
Although Coca-Cola sales had topped Pepsi's sales for years, the two sodas were always No. 1 and 2, respectively. Then in 2010, Diet Coke sales topped Pepsi's sales for the first time, leading The Wall Street Journal to run the headline, \u201cDiet Coke Wins Battle in Cola Wars.\u201d
Coke was the first soda ever created back in 1886. Then, in 1898, a rivalry that would span decades was born as soon as Pepsi hit the market.
The great Cola Wars of the 1980s were a battle between Coca-Cola and PepsiCo for dominance. The disastrous introduction of \u201cNew Coke\u201d in 1985 appeared to set Coca-Cola back.

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