Reuters: Technology News: Global PC shipments falling more than expected: IDC

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Global PC shipments falling more than expected: IDC Mar 18th 2013, 17:30 Tweet Share this Email Print Related News Apple's iPad to fall behind Android as tablet war grows Tue, Mar 12 2013 Intel takes big step in chip foundry business Mon, Feb 25 2013 Analysis & Opinion The U.S. can't afford a Chinese economic collapse A computer keyboard is seen in Bucharest April 3, 2012. Credit: Reuters/Bogdan Cristel By Noel Randewich SAN FRANCISCO | Mon Mar 18, 2013 1:30pm EDT SAN FRANCISCO (Reuters) - Global PC shipments, already hit by consumers' growing preferences for tablets and smartphones, are falling more than previously predicted due to weakness in China, according to market research firm IDC. Slower February shipments in China caused by government budget cuts and other factors mean worldwide PC shipments could fall by a "double-digit" percentage in the first quarter, compared with a previous estimated decline of 7.7 percent, IDC said in a report on Monday. "Even getting to positive growth in the second half of 2013 will take some attractive new PC designs and more competitive pricing relative to tablets and other products," IDC said. A handful of financial analysts have recently trimmed their forecasts for top PC chipmaker Intel Corp's first-quarter results because of concerns over weak PC sales. In China, which accounts for more than a fifth of global PC shipments, government spending cuts and anti-corruption measures have added to the timing of Chinese New Year in reducing purchases of new PCs in February, IDC said. Intel has said it expects revenue between $12.2 billion and $13.2 billion in the March quarter, which it is due to report on April 16. Analysts on average expect Intel's first-quarter revenue to be $12.69 billion, down about 6 percent from the December quarter, according to Thomson Reuters I/B/E/S. Shares of Intel were up 0.2 percent at $21.41 on Monday afternoon on the Nasdaq. (Editing by Matthew Lewis) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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