Beleaguered Dell’s quarterly profit plummets 72% as PC sales shrink

“Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral,” Edwin Chan reports for Reuters.

“Sales from its end-user computing division, which incorporates computers, slid 5 percent to $9.1 billion,” Chan reports. “The world’s No. 3 PC maker reported sales of $14.5 billion in the fiscal second quarter, flat from a year earlier but surpassing the $14.2 billion analysts on average had expected.”

Chan reports, “It posted net income of $204 million or 12 cents a share in the fiscal second quarter, compared to $732 million or 42 cents a share in the year-earlier period.”

Read more in the full article here.

MacDailyNews Take: Deserved. For Mikey’s misplaced hubris alone, not to mention littering the world with crappy Windows PCs.

28 Comments

  1. More evidence of the failure of Windows 8 to act as catalyst to spur PC sales. In fact, Windows 8 has hindered PC sales. Dell can thank its reliance on Microsoft for its current situation.

    1. Yeah, but where is the beloved Acronym? That should be at the bottom…

      STCAGTMBTIS (or whatever)
      (Sell the company and give the money back to its shareholders)

      Oh, wait a second: there is nothing left to sell. My bad.

    1. Who knew but Steve Jobs that iPhone’s and iPad’s (and their competitor’s copies) would wreak so much damage on the PC ecosystem.

      “For whom the tech bell now tolls, it tolls for thee Dell, Blackberry, Nokia, the Surface and Window Phone 8.”

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