Everyone will be praying Windows 10 rights the wobbling PC ship
I have some bad news...
Just like QLogic, Seagate sales figures have taken a dive along with the PC sales downturn, and it's had to issue preliminary results to warn the market. For its fourth fiscal 2015 quarter, instead of the expected $3.2-$3.3bn, it thinks it will make just $2.9bn. It expects to report unit shipments of approximately 45 million …
... of Win10 doing anything to help PC sales. Once upon a time when there was a need for a new PC or a new O/S to manage new hardware, Windoze would drive huge PC sales. Those days died back around Windoze 7 or earlier. Seagate has been hoping the gullible would continue buying HDDs for the Cloud but reality has set in and most folks understand the Cloud is just a farce.
When I look at the graph provided, I see that it is "significantly" higher than 2011 revenues, which were apparently around $11 billion.
So quit your whining and get back to work.
Oh, yeah , I forgot. This is the finance market - if you don't do 110% every month, you're a useless piece of dung. Even when you still made $3 more than your lowest 5-year figure.
If only financial analysts were treated the same way.