Dell revenues slump as tablets and smartphones eat into market

Dell revenues slump as tablets and smartphones eat into market

PC maker's quarterly reports show profits falling 48% year on year, with executives warning trend will continue into 2013

Dell revenues slump as tablets and smartphones eat into market

Dell’s latest quarterly report shows profits have fallen 48% year on year, with executives warning the trend may continue.

Dell revenues slump as tablets and smartphones eat into market

Dell is looking like the sick man of the PC business – which itself isn't looked too healthy this year. In its latest quarter from August to October, Dell's revenues slumped by 11% year-on-year to $13.7bn (£8.6bn) and its operating profit by 48% to just $589m, and it warned that the "challenging global macroeconomic environment" will continue in the current quarter, which runs to the end of January.

Dell revenues slump as tablets and smartphones eat into market

READ MORE>>