A new report by Citi Research focuses on the PC industry and what investors can expect throughout the remainder of 2015. Although Citi cut its forecasts for the PC industry, the firm remains bullish on Hewlett-Packard Company HPQ 1.14%.
The Numbers
Based on Citi’s most recent supply chain analysis, analysts are cutting projections for overall 2015 PC growth from -5 percent to -7 percent. According to the report, neither excess PC inventory nor lackluster demand has improved recently and will continue to weigh on the industry.
In addition, Citi is lowering its Taiwan notebook shipment growth projections from 8 percent quarter-over-quarter to 6 percent for Q2.
“We believe the weakness YTD has been a combination of 1)excess channel inventory of PCs exiting 4Q14 which failed not only to resolve in 1Q15 but also thus far in 2Q15, 2)FX volatility in Q1, which resulted in a contradiction of inventory held by the channel, and 3) slower than expected recovery of PC demand in emerging markets,” Citi analyst Jim Suva explained.
Emerging Markets Key
The strength of emerging markets is…
Read the rest of this article (and all my other articles) for free on Benzinga by clicking here
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
