PC market much worse than expected, says analyst
The PC industry fared worse than anticipated last quarter and will continue to face rough waters ahead, according to J.P. Morgan analyst Mark Moskowitz.
In an investor’s note out today, Moskowitz noted that Gartner saw a drop in PC shipments last quarter of 8.3 percent from a year ago and an increase of only 2.5 percent from the second quarter. Those results trailed Gartner’s estimates of a decline of just 2.1 percent from a year ago and growth of 9.4 percent from the previous quarter.
“While investors had been preparing for a letdown, the magnitude of the miss was larger than what…
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