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Consumer Electronics

PC Sales Slide for Fifth Straight Quarter

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By Paul Ausick Updated Published

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Late last month research firm Gartner Inc. (NYSE: IT) forecast that PC sales would fall by 10.6% in 2013. Right on on plan, the firm said today that second-quarter shipments fell by 10.9%. For the year, Gartner forecasts total PC sales of 305 million units.

Lenovo was the leading seller in the second quarter with a 16.7% share, slightly ahead of Hewlett-Packard Co. (NYSE: HPQ), with 16.3%. U.S. sales fell 1.4% in the quarter, compared with a drop of 11.5% in Asia and 16.8% in Europe, Middle East, and Africa.

The continuing decline in sales is down to the surge in sales for tablets, which are displacing low-end PCs in mature and developed markets, and are becoming the first computing device for many people in emerging markets. Tablet sales are also having a negative impact on the mini-notebook market.

According to Gartner, 76 million PCs were sold in the second quarter.

Anyone want to persuade Michael Dell to raise his bid for Dell Inc. (NASDAQ: DELL)? Carl Icahn? Anybody?

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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