Dell profit falls 47 per cent

Dell’s third-quarter profit slid 47 per cent, hurt by lower PC sales, weaker demand from large corporations and the shift to mobile computing.

Dell’s consumer PC business is struggling as more and more consumers are using smartphones and tablets to do basic computing, and the company’s corporate customers continue to defer spending due to the uncertain state of the economy.

The No. 3 personal computer maker warned that it “sees the challenging global macroeconomic environment continuing in the fourth quarter.”

via Business feed http://www.scmp.com/business/companies/article/1083706/dell-profit-falls-47-cent