Microsoft Analyst Sees No Growth in PC Market
The market for traditional personal computers has no growth left because people increasingly use mobile devices to connect to the Internet, said Rick Sherlund, an analyst at Nomura Holdings Inc. covering Microsoft Corp.
"People just don't need PCs the way they used to," Sherlund said today in a radio interview on "Bloomberg Surveillance" with Tom Keene. "They've got alternatives now for accessing the Internet. They've got smartphones and tablets, so there's really no growth left in the traditional PC market."
Microsoft, the world's largest software maker, has suffered along with the market