What They Say
Dell held an investor call focusing on its Client Solutions Group and was very bullish about the future growth of the PC business. It quoted a forecast from IDC that put volumes of PCs at an average of 340 million over the next five years, while it had been just 262 million on average from 2016 to 2019.
The company said that comparing the current installed base in the US, there is still only just over 1 PC per household, which is a low penetration rate, considering the use of PCs for working and education from home. It highlighted that reports a few years ago that ‘the PC market would die’ have been shown not to be accurate. The firm also quoted research that ‘poor technology’ could be a big factor in staff deciding to change jobs.
There is a continued trend to the use of notebooks rather than desktops as employers want more flexible and nimble workforces.
The firm also expects continued revenue growth. In displays, this was the quote:
“And we’ve seen a huge amount of creativity in displays, performance, front of screen, how you get that information presented to you really matters, and people want that, whether it be using a desktop, a laptop or any other device that bigger screen is really valuable.”
What We Think
We went through Dell’s ‘puffery’ so that you didn’t have to! (BR)
