Dell: PC Industry Growth Slower Than Hoped

Reuters has a story in which Dell reports that the PC industry is growing at a slower rate than the company had hoped for.

“In an annual briefing for Wall Street analysts, Rollins pointed to market research data that forecasts 10 percent growth in first-quarter global PC unit shipments, down from average growth of 16percent during the prior six quarters.

“As we have come into (the first quarter), it’s become clear things are a bit slower (than last year), a little bit slower than maybe we had even thought,” Rollins said, referring to the 10 percent forecast by research group IDC.

On Wednesday, Dell left its own revenue and outlook profit unchanged for its first quarter ending later this month, saying it expects revenue of $13.4 billion, up 16 percent from a year ago, and 37 cents a share in profit, up 32 percent. “

Read more at Reuters