Scalper1 News
The outlook for the personal computer market this year just went from bad to worse. Early Thursday, chipmaker Intel (INTC) slashed its revenue estimate for the first quarter, citing weaker-than-expected demand for business personal computers and lower-than-expected inventory levels across the PC supply chain. Intel stock fell 4.7% to 30.80 on the news Thursday. PC software maker Microsoft (MSFT) fell in sympathy. Microsoft shares dropped 2.3% to 41.02 on the stock market today. Late Thursday, market research firm IDC cut its already downbeat PC shipment forecast for the year. IDC now expects worldwide PC shipments to fall by 4.9% this year to 293.1 million units. It previously forecast a decline of 3.3% for the year. Last year, global PC shipments fell 2.2% to 308.1 million units. In dollars, it sees the PC market declining by 6.9% to about $187 billion, following last year’s dip of 0.8% to $201 billion. PC… Scalper1 News
Scalper1 News