IDC said that global PC shipments declined 29% in the first quarter of 2023 owing to weak demand, excess inventory, and a worsening macroeconomic situation, with Apple Inc. suffering the most.
The International Data Corporation (IDC) said Sunday that global PC shipments fell to 56.9 million in the first quarter from 80.2 million last year.
Shipments fell 28.1% in the fourth quarter of 2022.
Apple’s Q1 shipments dropped 40.5% from 2022, followed by Dell Technologies Inc (DELL.N31%. )’s
IDC reported shipping reductions for Lenovo Group Ltd (0992. HK), Asustek Computer Corp (2357. TW), and HP Inc (HPQ.N).
In February, Apple stated that Mac sales, which had surged during the epidemic due to working from home, fell 29% YoY to $7.7 billion.
“The preliminary results ended COVID-19-driven demand and returned to pre-COVID trends. Q1 2023 sold less units than Q1 2019’s 59.2 million and 2018’s 60.6 million “IDC reported.
“The slowdown in growth and demand is also allowing the supply chain to make changes as many manufacturers begin to investigate manufacturing choices outside China.”
Recent banking sector turmoil has raised concerns about runaway inflation and restrictive monetary policy stifling GDP and financial investments in key nations.
Linn Huang, research vice president, Devices and Displays at IDC, stated, “We foresee considerable market upside as consumers aim to refresh, schools seek to replace worn-down Chromebooks, and companies shift to Windows 11,” assuming the economy is growing by 2024.
“Recovery may be slow if important markets remain in recession next year.”
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