Dell fiscal Q3 2013 consumer revenues drop by -23% Y-o-Y to $2.5 billion (with $65 million in operating losses) as the general PC market continues its global downwards spiral.
Overall Dell revenue for the quarter is also down-- -11% Y-o-Y (or 5.3% Q-o-Q), reaching $13.7bn. Earlier analyst forecasts hoped for Dell revenues showing at least 3% Y-o-Y growth.
EMEA is the worst hit region, with revenues dropping by -15% Y-o-Y.
The company hopes the situation will improve through post-Windows 8 shipments, even if it is somewhere between a rock and a hard place in PCs-- Lenovo and Asus (the only two PC makers actually showing growth during Q3 2012 according to Gartner) on one side and consumer preference for mobile devices on the other.
As Dell CEO Steve Felice admits “growth in [PC] space continues to occur predominantly in the low value and entry-level desktops and notebooks, where we’ve chosen not to participate, and in tablets.”
Maybe the above results will point the company towards further dependence on enterprise-- Dell Enterprise Solutions and Services grow by 3% (to $4.8bn) and server and networking products reach 11% Y-o-Y growth.
However it also sees declines in large enterprise (-8%), public (-11%) and SMB (-1%) revenues, reflecting the current mood of the global economy.
