Declining Sales: PCs challenged by smartphones

Consumers are increasingly shunning desktop PCs and going mobile.


Reuters July 23, 2011

SAN FRANCISCO: This week’s earnings from the giants of technology had one thing in common: they underscored yet again how consumers are increasingly shunning desktop PCs and going mobile. Intel, which had argued that pessimistic expectations about the market were out of whack, reduced its 2011 PC forecast. Microsoft Windows sales, that reliable indicator of PC market strength, fell short of expectations for the third straight quarter. And Apple Inc, which single-handedly showed with its iPad that many consumers are more than happy with an unladen, light and mobile computer, obliterated all estimates by selling a whopping nine million tablets. Worldwide shipments of smartphones are already overtaking PCs. Judging by share performances, Wall Street is taking notice as well. Shares of Apple reached a record this week and are up 21% in 2011. Intel gained 10%, a bit better than the broader market, but Microsoft was down about 3%.



Published in The Express Tribune, July 24th, 2011.

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