Doom and gloom in the computer industry is usually a troubling sign for the economy as a whole, but if you’re on the market for new hardware this fall it could translate into some pretty big savings for you! According to the Associated Press Intel has lowered its third quarter forecast in response to weaker than expect chip sales, a key indicator for the rest of the PC industry. This was further re-enforced with shaky forecasts from both Hewlett-Packard and Dell who claim the back to school buying season is off to an abnormally slow start.
Falling component prices and continually rising stockpiles of computer hardware are combining to create a buyers’ market in the coming months, but let’s just hope it isn’t a prelude to another full blown recession. Intel is still forecasting revenues of anywhere from $10.8 billion to $11.2 billion mind you, so it can’t be all that bad.