Business diversification at Microsoft
The PC market could very well be permanently shrinking, thanks to the growth in smartphones and other mobile devices.
However Microsoft is a diversified business, and will try to maintain growth in its other markets, including enterprise. On the supplier side, AMD and Intel are both reducing their reliance on PC sales: AMD by focusing on console chips and Intel as the primary chip maker for Windows mobile devices. Even with the uncertainty, a refresh in Windows can still be a boost to all big players in the PC sector.
(Written by Chris Lau, a Kapitall Contributor. Disclosure: Author has a long position in AMD.)