Third-quarter PC sales are down 8% globally, marking the steepest drop since 2001, according to IDC and Gartner analysts. Hewlett-Packard (NYS: HPQ) is suffering an additional blow, knocked from its top spot as world's largest PC maker. Lenovo(NASDAQOTH: LNVGY.PK) has finally succeeded in claiming the title after methodically buying IBM's (NYS: 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 (NAS: MSFT) Windows 8 swooping in as the PC market's savior, and an update on how Apple (NAS: AAPL) is faring on the other side of the coin.
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The article More Doom and Gloom for Global PC Market originally appeared on Fool.com.
Andrew Tonner owns shares of Apple. Brendan Byrnes owns shares of Apple. The Motley Fool owns shares of Apple, International Business Machines, and Microsoft. Motley Fool newsletter services recommend 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.
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