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

Financing the fight against climate change

Commission sets out first finance proposals for Copenhagen pact on climate change. more »

US$ 39.5 Million Loan to Support Small-Scale Family Agriculture in Brazil

The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil. more »

WB Grants Additional US$7.8 Million to the Peace and Development Project in Colombia

The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project. more »

11 September 2009 - Statistics on payments and securities trading, clearing and settlement – data for 2008

In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU. more »

Interview with Sharon Bowles - Head of the Economic and Monetary Affairs Committee

Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France. more »

Palapa-D communications satellite now in geostationary orbit

Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO). more »

Šarūnas Nedzinskas elected to AB DnB NORD Bankas Management Board

The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board. more »

Europe's milk crisis: Chair of Agriculture Committee De Castro on the causes

In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades. more »

eCall road accident alarm system – European mobile phone companies agree to help.

Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident. more »

Mobility programme promotes entrepreneurship and innovation

Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders. more »