Plummeting PC Sales Plague Dell In Rocky Second Quarter
Dell's consumer PC sales dropped 22 percent in its fiscal second quarter and revenue dipped 8 percent to $14.5 billion, as the impact of Apple's iPad once again made itself apparent. Even worse, Dell isn't expecting a big spike in PC sales next quarter when Windows 8 arrives.
"In the PC and [software and peripherals' business], the revenue deterioration was clearly above anything we expected. That's something, as we think about moving forward, we can't expect ... to happen over a long period of time," CEO Michael Dell told Wall Street analysts. "The second half of year will be challenging, but it will stabilize as we get Windows 8 in the marketplace."