Cihra believes Apple will outperform other PC makers thanks to those same tablet computers. He expects 18 percent growth from Apple, about four times the market growth this year, while Dell and HP will grow 4 percent this year, with HP's PC revenue lower. Chira expects only mid-single-digit growth at best for the PC market this year.
Mehdi Hosseini, senior analyst at Susquehanna Financial Group, says the semiconductor makers are also faring badly, and that is due to tablets because they use 50 percent fewer chips than PCs.
He said the weakness has been broadbased, across the board and the industry will "remain under pressure for several more quarters."
Hosseini said he would avoid chip makers, "but if investors must have exposure we like Teradyne and Taiwan Semiconductor .
Watch: Recent interview with Mehdi Hosseini.
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