Like HP, Dell missed the trends that have turned selling PCs into one of technology’s least profitable and slowest growing niches. As a result, Dell’s market value has also plummeted by 60 percent, to about $20 billion, since the iPhone’s release.
That means the combined market value of HP and Dell - the two largest PC makers in the U.S. - is less than the $63 billion in revenue Apple got from iPhones and various accessories during just the past nine months.
The handheld, touch-based computing revolution unleashed by the iPhone and Apple’s 2010 introduction of the iPad isn’t the only challenge facing HP and Dell.
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