Lenovo seems to be bucking the downward trend.

The China-based computer manufacturer has been quickly of the list of top computer makers. While other companies have been struggling, Lenovo has been moving ahead.

At this point, if Lenovo continues on at its current pace, it will to become the world's largest PC manufacturer by early next year.

"HP recently reported a 10% drop in its PC unit and we've seen Dell's PC business sliding, as well," said Olds. "The only PC vendor showing much growth is Lenovo, playing on their home court advantage in Asia.... I simply think people are taking a much closer look at all the technology they're buying and starting to ration their spending."

Charles King, an analyst with Pund-IT, Inc., was quick to note that the fourth quarter of this year is unlikely to look any better.