Dell sees 33 percent drop in Q1 profits, says touchscreen Windows 8 products will cost more
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Author: Rahul Gabe
Author: Rahul Gabe
Dell announced disappointing Q1 results this week, posting profits that were down 33 percent from Q1 2011, along with revenues that dipped four percent over the same period. CFO Brian Gladden attributed some of the decline to today’s uncertain economic climate, which has forced many companies and public sector organizations to curtail spending. Such corporate equivocation has apparently taken its toll on Dell, which earlier this year announced that it would be shifting its focus away from the consumer market, and toward enterprise.
The company’s PC revenue fell by six percent overall last quarter, with consumer sales dropping by 12 percent. According to Dell, some of this decline could be explained by supply chain disruptions caused by…
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