“Deutsche Bank is cutting its estimates for PC growth, attributing part of the pessimism to the upcoming 64-bit iPad’s penetration of the coveted corporate market in the coming years,” Brooke Crothers reports for CNET.

“Estimates for 2013 and 2014 PC shipments have been cut to negative 10 percent and negative 8 percent year-to-year, respectively, from previous estimates of negative 8 percent and negative 6 percent, wrote Chris Whitmore of Deutsche Bank Equity Research in a note to investors on Monday,” Crothers reports. “Here’s an excerpt from the note. ‘We… expect growing [desktop] virtualization and iPad deployments in the enterprise to pressure corporate PC sales through 2014-15…We expect AAPL’s [Apple’s] iPad refresh to include 64 bit architecture, which should enable a greater array of enterprise App development and facilitate greater enterprise penetration over time.'”

Crothers reports, “Whitmore is referring to the expectation that the upcoming iPad 5 and future versions of the iPad Mini will get Apple’s 64-bit A7 processor. And tablets overall will continue to erode PC market share, Whitmore said, adding that demand for Windows 8 back-to-school PCs ‘appears tepid, at best.'”

Read more in the full article here.

MacDailyNews Take: A7X.