Friday, November 16, 2012
Dell Inc's third-quarter profit slid 47 per cent, hurt by lower PC sales, weaker demand from large corporations and the shift to mobile computing.
Dell's consumer PC business is struggling as more and more consumers are using smartphones and tablets to do basic computing, and the company's corporate customers continue to defer spending due to the uncertain state of the economy.
The No. 3 personal computer maker warned that it "sees the challenging global macroeconomic environment continuing in the fourth quarter."
The company, once the world's top PC maker and a pioneer in computer supply chain management, is struggling to defend its market share against Asian rivals like Lenovo. It is trying to bolster growth by focusing on products and services to corporations.
The company said it expects revenue to grow as much as 5 per cent in the current quarter
By: DocMemory
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