Slumping PC Sales Suggest Soaring Memory Prices Are Sparking a Backlash

In recent months, HP Inc. (HPQ) , Dell Technologies Inc. (DVMT)  and other big DRAM and flash memory buyers have talked on earnings calls about how they've started to pass on higher memory prices -- a boon for the likes of Micron Technology Inc. (MU)  and Western Digital Corp. (WDC)  -- to their customers. The second-quarter PC sales data that just arrived suggests these price hikes are beginning to have a real impact on hardware demand.

Research firm IDC estimates global PC shipments fell 3.3% annually in Q2 to 60.5 million units -- a reversal from Q1's estimated 0.6% drop, albeit slightly better than the firm's expectations for a 3.9% decline. Likewise, Gartner estimates PC shipments fell 4.3% to 61.1 million, after estimating a 2.4% Q1 drop....617 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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