Michael Dell said he expects to see more consolidation in the PC market, and believes the top three PC makers will grab around 80 percent of the market over the next five to seven years. At present Lenovo holds 20.3 percent marketshare, HP 18.5 percent and Dell follows with 14.5 percent, resulting in a combined total marketshare of 53.3 percent.
Despite a shrinking PC market, Dell has grown its business for 10 quarters in a row:
"In the first half of this year, we outgrew the two in notebooks and we have grown now 10 quarters in a row," Dell said.
IDC last month forecast PC shipments to fall 8.7 percent this year, steeper than its earlier estimate of a 6.2 percent decline, and said they are expected to return to growth in 2017.
Dell was taken private in a $24.9 billion buyout in 2013 by its CEO and his private equity partner, Silver Lake, after months of battling with investors who claimed the offer undervalued the company.
Dell said that becoming a private company meant that he could focus on forming glorious three year, five year and ten year plans.
Dell also said he doesn't want to be in the smartphone business, claiming there's only room for one or two companies to make a decent profit in that market.