“Worries about competition from other tech companies and spending cuts from government customers drove Dell shares lower in premarket trading Wednesday,” The Associated Press reports.
“On Tuesday, the computer maker said its fourth-quarter profit dropped 18 percent to $764 million, and its revenue prediction for the current quarter was short of Wall Street analysts’ expectations,” The Associated Press reports. “Like other PC makers, the Round Rock, Texas, company was squeezed in the past quarter by parts shortages caused by massive flooding in Thailand in October. The fallout from that catastrophe temporarily closed Thailand factories that churn out hard drives, driving up the prices that Dell had to pay for them.”
MacDailyNews Take: Like other PC makers not named Apple. For how long will the Thailand floods be used as cover by POS peddlers like Dell to hide the royal ass-kicking Apple Macs have been and continue to administer to crappy Windows PCs?
The Mac has outgrown the Windows PC market as a whole for 23 straight quarters. That’s six years.
AP reports, “Dell also has other problems. Cutbacks at government agencies facing budget deficits have added to Dell’s troubles in the U.S. and Western Europe. And consumers are increasingly choosing sleek tablets and smartphones made by Apple Inc.”
MacDailyNews Take: And Macs. Duh. The unnamed AP hack “reporter” of this mess sucks almost as much as a Dell.
• Apple Mac vs. Windows PC: ‘PC’ decline even worse than reported – January 16, 2012
• Apple Mac, Windows PC killer – January 12, 2012
• U.S. Windows PC shipments drop 6% in holiday quarter as Apple Macs surge 21% – January 11, 2012
AP reports, “Sterne Agee analyst Shaw Wu maintained his underperform rating on the stock, saying that investors have underestimated the competitive threat to Dell from Apple and other rivals such as Acer, Lenovo and Hewlett-Packard. Shaw said Dell may have a difficult time improving its operations.”
Read more in the full article here.
MacDailyNews Take: Beleaguered.
Dell shares fall on earnings miss, weaker than expected outlook – February 21, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
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
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006