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Barclays Takes Down PC Projections

Barclays Capital has cut its PC growth projection for 2011 from 8% to 5% as a result of the disasters in Japan
By Maureen O'Gara
Article Rating:
March 26, 2011 02:00 PM EDT
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 513

Trying to get its arms around the possible component shortages, postponed product launches, higher parts prices and the impact of iPad 2 on laptops, Barclays Capital has cut its PC growth projection for 2011 from 8% to 5% as a result of the disasters in Japan and weaker-than-expected demand. It expects Q1 to be down 10% sequentially, Q2 flat with Q1 and a rebound in the second half.

The Japanese government calculates the March 11 earthquake and tsunami could cost $309 billion, close to three times the cost of Katrina, making it the costliest natural disaster in history.

The government's estimate, which leaves out the impact of power shortages, is higher than the World Bank's ($235 billion) and Goldman Sachs' ($200 billion), the AP said.

Published March 26, 2011 – Reads 513
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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