Citi Research is revising its forecast for negative PC growth as it paints a dark picture of the incredible shrinking PC market.
Citi is cutting 2013 PC year-to-year growth to negative 10 percent from negative 4 percent growth, according to a note to investors late Friday.
"The Citi global technology team is revising down its 2013 PC growth estimate to -10% y/y (from -4%) based on further sub-seasonal demand" in the first quarter and slowing notebook production.
In a section titled "Y/Y Growth in 2H? Don't Think So," Citi says that despite investor … Read more