Dell’s fourth-quarter profit dropped 18 percent to US$764 million from $927 million a year earlier, the company has reported. Sales rose 2 percent to $16 billion, in line with analysts’ estimates.

Sales in the consumer division also fell two percent, indicating Apple is winning over buyers with its Mac and iPad devices at the high end of the market – and Lenovo and Acer at the low end, according to analysts.

US PC shipments declined 4.9 percent last year, the worst performance since 2001, according to research firm IDC.

Dell noted that last year’s flooding in Thailand had crimped disk-drive production. The supply disruption will continue into the quarter that ends in October, the company said.

The PC and server maker claimed record revenue of $62.1 billion for the full financial year, and also record earnings in enterprise solutions and services revenue.

But analysts remained unimpressed. “They’re not showing much in terms of meaningful growth in the top or bottom line. Now we’re at a point where investors may ask, ‘now what?’,” said Evercore’s Rob Cihra.

– In Sydney Dell Australia spokesman Marty Filipowski would not comment on the Australian figures, instead telling CDN that comments would be made at an event on March 9.

en us WD Black Banners Portfolio 728x90 Dell Profits Take A Dive
728x90 Leaderboard UNIFI Dell Profits Take A Dive
ARL0447 Arlo Cash Back Promo Nov 21 Web Banner 728x90px 300dpi V3 AU scaled Dell Profits Take A Dive
Belkin Better Together 728x90 1 Dell Profits Take A Dive
Mode II 728x90px product Dell Profits Take A Dive
728x90 MOTOROLA EDGE 20 PRO Dell Profits Take A Dive
SOUL S GEAR 4SQM banner 728x90px Dell Profits Take A Dive
DCS 6100LH 728x90 smarthouse Dell Profits Take A Dive
4SQM banner 728x90px Wave Shuffle l Dell Profits Take A Dive
728x90 Dell Profits Take A Dive