Los Angeles Business Journal

PC Sales Swoon; Microsoft Downgraded

Thursday, April 11, 2013

Smartphones and tablets, while not perfect substitutes for PCs, are pulling dollars out of consumers’ wallets that might have otherwise gone to laptop or desktop computers. That contributed to a worldwide 13.9 percent decline in PC shipments in the first quarter, the New York Times reports. Two analysts so far this morning have downgraded shares of Microsoft Corp., Fox Business reports.