View this article at: http://dev.macnn.com/articles/05/11/15/dell.on.ipod.competition
Tuesday, Nov 15, 2005 12:55pm
Dell admits poor competitio...
Dell CFO Jim Schneider today said that his company is far behind Apple in the digital music market, adding that "we're obviously not competing very well." Schneider said "Apple has come out with a nice product and I think it's really turned their company around," when responding to analysts' questions regarding Dell's earnings. Dell last week said that third-quarter profit was down 28 percent, as sales to U.S. consumers dropped and business in the United Kingdom brought disappointment to the company, according to a report from Reuters. Dell also issued a sales forecast that reportedly left some analysts wondering if the company has lost the growth momentum it has had in recent years.