Computer manufacturer Dell has recorded a cutback in its year-on-year profits by 48 percent, an all-time low attributed to cheap laptops. The company's sales managed to climb up by 18 percent; however, its actual revenue gained from those sales declined by 17 percent. In general, Dell recorded a revenue of 16 percent year-on-year. Budget curtailment is also behind the computer maker's low sales returns. CEO Michael Dell said, "A lot of IT spending is being deferred until there's better economic visibility." Dell has already made some cost-cutting measures to keep its business afloat during recession. The company said it will slash around $4 billion of cost until 2011. A range of exorbitant products are also being introduced to regain its balance in the computer market.
