PCs Are Dead: Long Live Tablets
NEW YORK (TheStreet) -- The American dream used to be owning a home, a white picket fence, and having a family computer. Now, it's having a tablet in the house.
Research firm IDC notes that, in the first-quarter of 2013, PC shipments fell 13.9% year over year to 76.3 million units, sharply worse than the 7.7% IDC forecasted. This is the worst contraction since IDC started keeping data, and it's mostly due to tablets and smartphones taking over, and businesses not believing in Microsoft's
Almost the entire PC space saw a decline, as companies like HP
Both HP and Dell are undergoing massive restructuring efforts, and Lenovo has been able to take advantage of that, with an aggressive product strategy. One interesting tidbit is that this isn't just about price, as the bottom end vendors aren't growing in the U.S., so it's not just about shelling out less dollars for any old computer. Companies are having a hard time innovating, and that's being seen in the results.
--Written by Chris Ciaccia in New York
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