The PC Industry Is Looking Even Worse
It’s been clear for a couple of months now that few people are buying PCs–and that those who are buying are extremely cheap. On Monday, a report from Morgan Stanley gave the latest estimate of how declining prices and frugal consumers will affect the industry over the next couple of years. The findings aren’t encouraging.
After a visit to Asia to assess the industry, a group of Morgan Stanley analysts led by Kathryn Huberty concluded that the PC market is worse than they initially thought. They lowered their estimate for 2009 and 2010 PC sales. Earlier, Ms. Huberty had predicted that global PC sales would drop 10 percent this year from last year; now, she’s estimating PC revenue to decline by 24 percent.