Dell is in the right business for 2020, Sam Burd, president of the company's PC hardware and software business, told Cheddar.
"One thing that we've seen in 2020 is technology has become really important to how people get things done," he said. "Getting that technology in the hands of our customers has been really important to keeping the world operating."
The computer giant pulled $23.5 billion in revenue in the third quarter, beating analyst's expectations of $21.9 billion, largely through increased demand for laptops and PCs.
Burd explained that we've quickly gone from a world where maybe one PC was sufficient for a single household to one where multiple are needed, as students and employees alike work remotely amid the coronavirus pandemic.
This trend also applied to the public sector, which increased its spend on technology to offer remote education options.
On the back-end, Burd added, this has increased the need for cybersecurity.
"The world we're in today, we have a very distributed set of how people are doing work, so that attack surface has gotten a lot bigger for companies or for even people in their household," he said.
He noted that a Dell study found that 44 percent of businesses have had a hardware-based breach in the past year, and that the number is likely much higher.
Dell's success in 2020 also shows that earlier predictions that the PC was dead — in light of competition from products like tablets and smartphones — missed the mark, Burd noted.
"We're kind of hitting the 10-year anniversary where some of the press started to say that the PC was dead," he said. "Since that point in time, as an industry we have shipped over two billion systems. Customers had had demand for $3 trillion of PCs. So the death of the PC was highly overhyped."
Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil.
Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
“Any consumer can tell you that online airline bookings are confusing enough," said William McGee, an aviation expert at the American Economic Liberties Project. "The last thing we need is to roll back an existing protection that provides effective transparency.”
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
Google will launch its long-delayed News Showcase product this summer.
Walmart is expanding its HIV treatments, planning to add over 80 specialty facilities across nearly a dozen states by the end of the year.
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
