Demise is a formal word for death. This can be the death of a person, or the "death" of a thing or situation. For example: "The actor's unexpected demise was reported this morning." Demise is often used in the news, especially in headlines, to talk about the end of something. A typical example would be "Is This The Demise of the PC?" as a headline for an article about the decline in PC (personal computer) sales, or the increasing use of mobile phones or tablets instead of PCs. You could paraphrase it as "Is This The Death of the PC?"
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