October 12, 2012
Third-quarter PC sales are down 8% globally, marking the steepest drop since 2001, according to IDC and Gartner analysts. Hewlett-Packard (NYSE: HPQ ) is suffering an additional blow, knocked from its top spot as world's largest PC maker. Lenovo (NASDAQOTH: LNVGY ) has finally succeeded in claiming the title after methodically buying IBM's (NYSE: IBM ) PC division and pricing aggressively towards this end. All in all, what we're seeing is an overall destructive trend in the market. In the video above, Fool.com analyst Andrew Tonner provides the full story, along with the likelihood of Microsoft's (Nasdaq: MSFT ) Windows 8 swooping in as the PC market's savior, and an update on how Apple (Nasdaq: AAPL ) is faring on the other side of the coin.
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