Dell (UNKNOWN:DELL.DL) isn't going to go out on top.

Grim data out of industry tracker IDC doesn't paint a pretty picture on the state of the PC market. Worldwide shipments plunged 13.9% for all PC makers during the first quarter, according to IDC. 

Dell held up relatively better globally. IDC reports that Dell's unit shipments only fell 10.9%, actually growing in the Asia/Pacific region. However, it's clear that the PC makers aren't going to bounce back anytime soon.

Market leader Hewlett-Packard (NYSE:HPQ) was a market bleeder, as shipments plummeted 23.7%, but even former market darling Apple (NASDAQ:AAPL) is having a hard time selling its Macs and MacBooks these days. The consumer tech titan experienced a 7.5% dip in U.S. shipments during the period.

Dell's deteriorating state comes at a time when founder Michael Dell's plan to quietly take the company private blew up as activist investors began to shake up rival bidders. There's thankfully more to Dell's business these days than PCs, but in this video, longtime Fool contributor Rick Munarriz wonders if the successful bidder in this surprising bidding war will wind up being the real loser here.

Dell stock has responded favorably to the prospective buyer attention, but there's little reason to expect a turnaround here in the near future.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.