Analysts at Citigroup Smith Barney have increased its personal computer unit growth forecasts in 2005 and 2006 because of better-than-expected consumer notebook sales due to a cut in laptop prices, reports New Ratings.
The analysts also saw increased Western European and emerging market demand in the first half of 2005. This growth is attributable to the strength of the euro against the dollar.
Smith Barney expects worldwide growth to reach 9 per cent in 2005, rather than the earlier 7 per cent forecast. In 2006, the firm predicts a 7 per cent worldwide growth rise, rather than its forecast 5 per cent.