“Dell’s numbers missed Wall Street’s forecasts, and the shares fell almost 6 percent in extended trading,” Robertson reports. “In the last quarter Dell lost its ranking as the world’s No. 2 personal computer maker, a slot now held by Taiwan’s Acer Inc.”
Robertson reports, “Dell’s work force fell by 9,300 last year to 78,900 at the end of January, the last time Dell gave employment figures. The company also has changed the way its makes and sells computers, leaning more on contract manufacturers and retailers instead of doing everything in house.”
“The changes weren’t enough to lift Dell’s profit in its latest quarter, which ended Oct. 30. Dell’s net income fell to $337 million, or 17 cents per share. That compares with $727 million, or 37 cents a share, in the same period a year ago,” Robertson reports. “Revenue fell 15 percent to $12.9 billion.”
“Analysts polled by Thomson Reuters expected Dell to earn 28 cents per share on $13.2 billion in revenue in the latest quarter,” Robertson reports. “Dell, which is based in Round Rock, Texas, said it expects revenue in the current period to be better than in the prior quarter, but it attributes that to the seasonal benefit of consumers buying PCs around the holidays.”
Full article here.
MacDailyNews Take: Relying on holiday consumers remaining ignorant and undiscerning is a risky proposition with so much information at their fingertips and those Apple Retail Stores now open right around the corner.
• Apple now worth sextuple Dell’s market value – October 20, 2009
• Apple now worth quintuple Dell’s market value – February 12, 2009
• Apple now worth quadruple Dell’s market value – May 01, 2008
• Apple now worth triple Dell’s market value – December 06, 2007
• Apple now worth double Dell’s market value – July 27, 2007
• Apple now worth more than Dell – January 13, 2006
Ah, such sweet schadenfreude! Yum. More, please. Hey, Mikey, SIDAGTMBTTS!
[Thanks to MacDailyNews Reader “sparkplug” for the heads up.]
Somebody is supposed to say bloodbath!
Hey Mikey,
Listen to MDN. SIDAGTMBTTS quickly, while there is something to left to give the money back to the shareholders.
Dell’s computer sales were down 26% (desktops) while Apple was up 17% compared to the previous year. Hmm, Dell sales down, Apple sales up. I wonder why?
I feel bad for Micky — the pompous ass!
dell distress is nothing more than apple sucess…pure logic
Music to my ears.
Mikey, you dumbass fool! This is what you get for being an asswipe smartass.
“In the last quarter Dell lost its ranking as the world’s No. 2 personal computer maker, a slot now held by Taiwan’s Acer Inc.”
Who’s #1?
HP I think.
HP is numero uno.
If computer sales were down 26%, then how many less Windows licenses did they buy? That is how much M$ lost from Dell.
Karma rocks!
If computer sales were down 26%, then how many less Windows licenses did they buy? That is how much M$ lost from Dell.”
Hp and Acer picked up most of those sales.. but no doubt Apple got some too!
I’m sure Mike’s looking at the Chrome OS now and praying it can ride on the Google coattail since the Psysters experiment didn’t pan out.
Is anybody else shocked that they had to bring in 12.9 billion only to see a 337 million profit? That means that they make roughly 3¢ on every dollar they bring in. Sheesh.
haha. I laugh at Michael Dell’s foolish idiotic face.
No worries, Windows 7 will save Dell.
HP is number one, and last in reliability. Asus is now first in reliability?…. or Apple, depending on who you ask.
Plop! The resounding echo of the turd that dropped long ago, and the stink of it is starting to permeate its surroundings.
“Dell Blows Quarter”
he needed the money…..
Michael Dell was reported last seen tonight under the Queensboro Bridge on his knees blowing a Truck Drivers for a quarter….
Focusing on Dell’s woes is getting very old. Time to move on to something more interesting, like bashing Steve Ballmer.
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@ Eric24601,
“Michael Dell was reported last seen tonight under the Queensboro Bridge on his knees blowing a Truck Drivers for a quarter….”
Hey, you’re giving truck drivers a bad name.
Windows 7 won’t be saving anybody.
> but it attributes that to the seasonal benefit of consumers buying PCs around the holidays.
Noteworthy that there are no “attributions” made to the release of Windows 7 helping with sales. I guess the Walmart special-of-the-week crowd really do not care about Windows 7. The OS is just whatever is pre-installed.
If a company is eking out $337 million in profit on sales of almost $13 billion, it is doing something wrong.
Eric24601-Leave Truckers out of this please.
Well how bout some actual analysis? Dell’s main problem is that their business model made sense 10 years ago. Back then, “everyone” was manufacturing in the US and Dell was able to manufacture most efficiently.
Today, “no-one” can afford to build in the US and Dell seems to be about the last company to realize this.
So now, they’ll try an transition to the Apple model: design here and build overseas. New problem: I don’t think they know how to design.
it’s not like the fat loser can even give the shares back etc
nobody wants dell , dude
Amazing… a company that makes that much earns so little. How exactly is that good business?
@macerroneous: “Today, “no-one” can afford to build in the US “
I’d like to see Apple invest some of their money and open a couple of plants in the US. It would be worth it to dip into some of their profit margin to pay a little extra and create jobs in the states.
How about closing down Dell, selling all the assets and return the money to the share holders uh Mikey?
And the hidden news is that as Dell turns from BTO to using other retailers to sell its stuff, it loses even more of its tiny margins because it has to give a large chunk of that profit to the retailer.
Ouch!!
There is no way back from this tail-spin to doom.
We are approaching implosion countdown time.