Hopes dim for holiday PC sales rebound

Published: 6 December 2000 y., Wednesday
PC companies and retailers banking on a sales pickup in the fourth quarter are bracing for bad news. Consumers are not flocking to buy new PCs during the holidays as anticipated. Sales, in fact, are downright dismal, with market researcher NPD Intelect reporting retail PC sales in October plunging 18 percent year over year. In addition, direct computer seller Gateway warned that its earnings per share for the quarter would come to approximately 37 cents a share, considerably below expectations of 62 cents a share,because of slow sales. For the most recent week of data available, retail PC sales from Nov. 12 through Nov. 18 were down 24.6 percent from the same period last year by units and down 21.9 percent in dollars, according to research firm PC Data. The news caps off a year of slower-than-projected PC sales and validates prognosticators who had warned of an overall market slowdown. A convergence of events, including a slowing economy, shifting sales to other technology products,and a saturated North American PC market, contributed to the unexpected sales slowdown, according to analysts.
Šaltinis: two.digital.cnet.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Baltic Banking Among the Most Advanced in CEE

“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE). more »

During three quarters of this year AB Bank SNORAS was working profitably

According to the unaudited data for three quarters 2009, AB Bank SNORAS earned LTL 4.1 million profit. Although the inter-banking market of the country fixed the banks’ asset decrease (- 4.6 per cent) since the beginning of the year, the assets of Bank SNORAS grew by LTL 249.3 million and were by 4 per cent higher than at the beginning of 2009. more »

DnB NORD Bankas revises term deposit rates

Taking into account changes on domestic money markets AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates from November 5. more »

Lithuanians to Maintain Italian and Slovak Aircrafts

FL Technics, the leading aircraft maintenance, repair and overhaul (MRO) provider in Eastern Europe, has signed contracts with Air Italy and Air Slovakia for Boeing 737-300 aircraft base maintenance in Lithuania. more »

Halloween haunts charity coffee morning

Thales UK’s headquarters site in Weybridge has recently held a Halloween charity coffee morning, raising more than £280 for Marie Curie Cancer Care. more »

Verizon Business Helps Businesses Take On Today’s Biggest Security Threat – Attacks on Web-Based Applications

New SaaS-Based Vulnerability-Scanning Solution Is Latest Addition to Company’s Application Security Program. more »

Bank SNORAS considerably reduces the (commission) fees for accepting payments

Since 31 October 2009, only LTL 0.99 fee for accepting payments will be applied to clients while making payments for various services (utility fees, communication services, etc.) in all subdivisions of Bank SNORAS. more »

DnB NORD Bankas to offer repo deals online

AB DnB NORD Bankas, the country‘s leader in investment products market, offers a new possibility for the clients to make repurchase deals (repo deals) in the bank’s newly installed on-line trading platform. more »

Further financial integration crucial for eastern Europe, despite role in crisis

The benefits of the integration of eastern Europe’s financial systems into the world economy outweigh the costs that have been highlighted during the global economic crisis, the EBRD has concluded in a new report. more »

Fisheries: EU is ready to combat illegal fishing

On 22 October 2009, following the favourable opinion expressed in September by the Committee for Fisheries and Aquaculture, the Commission adopted a Regulation establishing the implementing rules for the 2008 Regulation to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing. more »