PC market slackness that was hinted at by Advanced Micro Devices Inc. (NASDAQ:AMD), when it preannounced last week, has been confirmed by a new report that showed a sharp decline in shipments in the third quarter.
What Happened: Worldwide PC shipments plunged 19.5% year-over-year in the third quarter, preliminary results released by market research firm Gartner showed. This marked the steepest decline since the firm began tracking the PC market in the mid-1990s and wa the fourth consecutive quarter of year-over-year drop, it said.
