“That market is falling off a cliff,” said Ashok Kumar, an analyst with Rodman & Remshaw, of the netbook sector. “It cannibalized notebooks and simultaneously all it has done is accelerate a price decline.”
Saripella agreed. Sales of netbooks, he said, the brightest light of the PC market during the recession of 2009, tumbled 30% in the second quarter. “The market for netbooks is cratering.”
The PC industry is at the beginning of the end.