Apple Changes the PC Landscape, Technology Report by Profit Confidential
Millions of people are abandoning their computers in favor of tablets from Apple Inc., creating a very difficult market for PC makers, according to George Leong, contributor to leading financial newsletter and web site Profit Confidential.
"The market leader in PCs, Dell Inc., had a strong run, but it is now facing the surging shift to tablets," says Leong.
The pickup in tablet sales is likely hurting Dell, Leong notes, even though it also makes tablets. He points out that they're nowhere near to being as successful as the "iPad" made by Apple.
"I continue to view Apple as a long-term buying opportunity," says Leong.
Leong also notes that Hewlett-Packard Company disappointed investors after slightly beating on fiscal first-quarter earnings, but coming in short on revenues.
"The commonality is that both of the companies are blaming the declining PC sales on the meteoric rise of tablets as a replacement for PCs and laptops, and hence neither is a buying opportunity," says Leong.
Leong believes that Dell and Hewlett-Packard better have an offensive plan in place or it could be lights out. "Neither of these companies is currently a buying opportunity," says Leong.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.
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