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PC market may keep declining for years: Barclays Capital
- Middle East: Wednesday, November 14 - 2012 at 05:18
Ben Reitzes, a hardware analyst at Barclays Capital, has said the future of the PC market appears to be dimmer than previously thought, Forbes has reported. Reitzes cut his outlook for the sector through 2016, warning that sales of "PCs could decline for many years to come." A variety of factors are to blamed for the expected decline including surging interest in tablets and confusion over Microsoft's recently released Windows 8, he said. "We are lowering our 2012-2016 PC forecasts due to weak macro conditions, confusion around Windows 8, ongoing cannibalization from tablets, and an elongation in replacement cycles," Reitzes wrote in a research note.
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