Barclays Takes Down PC Projections
Barclays Capital has cut its PC growth projection for 2011 from 8% to 5% as a result of the disasters in Japan
By: Maureen O'Gara
Mar. 26, 2011 02:00 PM
Trying to get its arms around the possible component shortages, postponed product launches, higher parts prices and the impact of iPad 2 on laptops, Barclays Capital has cut its PC growth projection for 2011 from 8% to 5% as a result of the disasters in Japan and weaker-than-expected demand. It expects Q1 to be down 10% sequentially, Q2 flat with Q1 and a rebound in the second half.
The Japanese government calculates the March 11 earthquake and tsunami could cost $309 billion, close to three times the cost of Katrina, making it the costliest natural disaster in history.
The government's estimate, which leaves out the impact of power shortages, is higher than the World Bank's ($235 billion) and Goldman Sachs' ($200 billion), the AP said.
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