PCs 'could decline for years,' analyst warns in cutting outlook
It's no secret that the PC market is in trouble, but its future appears to be dimmer than previously thought.
Warning that sales of "PCs could decline for many years to come," Barclays Capital's hardware analyst Ben Reitzes cut his outlook for the sector through 2016. Reitzes blamed a variety of factors for the expected decline, including surging interest in tablets and confusion over Microsoft's recently released Windows 8.
"We are lowering our 2012-2016 PC forecasts due to weak macro conditions, confusion around Windows 8, ongoing cannibalization from tablets, and an elongation in replacement … Read more