Dell announced an 18 percent drop in profit for its fiscal second quarter on Tuesday and warned that PC sales could continue to decline in the second half of the year. The company is in the midst of a transformation that will switch its focus from consumer PCs toward enterprise and commerce customers as increased competition from rival PC and mobile device makers saturate the market. The company is standing by that long-term goal, CEO Michael Dell said, but the tough transition is reflected in Dell’s lower-than-expected earnings report.
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Investors Wince at Dell's Painful Transformation
Posted by: Rachelle Dragani August 22, 2012 11:11 AMDell announced an 18 percent drop in profit for its fiscal second quarter on Tuesday and warned that PC sales could continue to decline in the second half of the year. The company is in the midst of a transformation that will switch its focus from consumer PCs toward enterprise and commerce customers as increased competition from rival PC and mobile device makers saturate the market. The company is standing by that long-term goal, CEO Michael Dell said, but the tough transition is reflected in Dell’s lower-than-expected earnings report.