Sell-side commentary on PCs remains gloomy. Longbow's supply-chain contacts think desktop shipments will fall 5%-10% this year
, worse than the 4% drop the firm predicts for Intel's (INTC
) desktop business. It expects a slow Haswell
ramp as high inventories and soft demand lead OEMs to stick with Ivy Bridge. It also sees integrated graphics taking more share from AMD
and Nvidia's (NVDA
) GPUs. Nomura notes Windows 8 (MSFT
) demand remains muted
, but holds out hope for a 2H pickup thanks to pricing, battery life, form factor, and app ecosystem improvements.