Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
The company also said it would lay off an additional 1,000 to 2,000 employees as part of its previously announced restructuring plan. The move is expected to generate savings of about $0.3 billion in fiscal 2025.
Shares of the company, however, dipped more than 3% in extended trading after it projected second-quarter adjusted profit per share between 75 cents and 85 cents, lower than analysts' consensus estimate of 86 cents.
PC market growth is expected to accelerate this year as the Windows 10 end-of-support deadline in October pushes hundreds of millions of PC users to refresh their devices.
Demand is also expected to surge as companies launch AI-capable PCs equipped with advanced and powerful processors designed for AI tasks.
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