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Wall Street Beat: Tech sales news mixed ahead of earnings

Marc Ferranti | July 14, 2014
News about how tech sales are doing has been mixed, ahead of a flood of earnings reports from vendors.

On its part, Gartner said PC sales were basically flat year over year, after eight quarters of declining shipments. Worldwide PC shipments totaled 75.8 million units in the second quarter of 2014, a 0.1 percent increase from a year earlier, Gartner said.

The past quarter suggests that after a period of restructuring, in which people flocked to smartphones and tablets for entertainment and social media, the PC market is stabilizing.

"While the end of support for Windows XP drove some of the sales in developed markets, it is the underlying business replacement cycle that will stabilize the market," said Gartner analyst Mikako Kitagawa in the report.

Gartner also said this week that worldwide semiconductor revenue is on pace to reach $336 billion in 2014, a 6.7 percent increase from 2013, and up from the previous quarter's forecast of 5.4 percent growth.

Next week, we'll start to see how all of this affects the bottom line for vendors.

"Smartphones and ultramobile devices, including tablets, are the growth areas from a system point of view," said Ranjit Atwal, research director at Gartner, in a statement.

 

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