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Market Commentary and Intraday News

News Summary: PC shipments fall

219 days ago

By The Associated Press

HEADING DOWN: Worldwide shipments of PCs fell sharply in the third quarter, as some consumers spent their electronics dollars on smartphones and tablets and others held off for a new version of Windows.

HEADING UP: One research firm, Gartner, also estimated that Chinese PC maker Lenovo Group Ltd. outsold Hewlett-Packard Co. for the first time to become the world's largest seller of PCs. IDC had HP on top.

LOOKING AHEAD: A third research firm, IHS iSuppli, projected that PC shipments are bound for their first annual decline in 11 years.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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