How hard are things in the PC industry?

Tough… particularly if you're Dell. The Texan computer manufacturer has been taking a battering recently - and things aren't getting better, according to financial results released yesterday. In the three months ending in January, the company's income was down to $351m from $679m for the same period last year – a 48% drop over just 12 months. Sales, it said, were down 16% in what turned out to be the worst Christmas for the computer industry since 2002. That might seem like dire news for the world's second largest PC maker (and it is) but yesterday's results were actually better than many people expected. That was thanks to a severe round of cost-cutting at the company's operations around the world, which Dell executives say will eventually save it around $3bn a year

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How hard are things in the PC industry?