A reporter just asked me what I thought HP's earnings meant in the context of the post-PC era and I thought I'd share my response:
HP’s drop in PC shipments is not unique in the industry—Acer and other companies have also reported a drop in their recent quarters. And let me say this loud and clear: Tablet cannibalization is only a minor contributor to soft PC sales. The bigger factor is the Windows release cycle—so many consumers bought new PCs when Windows 7 came out, and without a new version of Windows this year, there isn’t the same catalyst to buy. Forrester’s data shows that 34% of US online consumers report having bought a PC in the past 12 months, and an additional 25% bought one 12-24 months ago. Tablet owners are actually more likely than US online consumers in general to have recently bought a PC: 44% in the past 12 months and 28% in the 12 months before that.