Research firm Gartner Inc said worldwide shipment of devices such as PCs, tablets and smartphones is expected to grow by 1.5 percent to 2.5 billion units this year, slower than the 2.8 percent it forecast earlier.

The cut in growth forecast is mainly due to the slowdown in PC purchases in western Europe, Russia and Japan as a stronger dollar pushed up prices, Gartner said on Tuesday.

Up to Monday’s close, the dollar had risen about 6.7 percent this year against a basket of major currencies.

Gartner also said it did not expect the global PC market to recover until 2016.

Chipmaker Advanced Micro Devices Inc cut its second-quarter revenue estimate on Monday to below the average analyst estimate, saying demand for personal computers was weaker-than-expected.

(Reporting by Subrat Patnaik and Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲