Dell has issued an earnings warning, indicating that revenue for the current quarter will be lower than previously forecast. The company attributes the shortfall to intense price competition within the PC market, which is negatively impacting profit margins. As a result, Dell now expects to miss its previously stated revenue targets for the quarter.

The announcement sent shockwaves through the tech industry, prompting concerns about the overall health of the PC market. Analysts are closely watching to see how Dell’s competitors will respond to the pricing pressures.