Global PC shipments fall 9% in third quarter


Total shipments for the sector reached 64.3 million units, that compared with the 70.6 million units shipped in the period a year earlier.. — Bloomberg

NEW YOR: Worldwide personal computer (PC) shipments declined 9% in the third quarter, hitting what Gartner Inc analysts expect will be the low point in a two-year market slump.Apple Inc had the steepest drop among the major PC makers, with shipments falling 24% from the same quarter a year earlier.

HP Inc’s units rose 6.4%, the lone vendor to make gains during the July to September period, Gartner said in a statement.

Lenovo Group Ltd, the Chinese multinational technology company that specialises in the designing, manufacturing, and marketing of consumer electronics, PCs, software and business solutions, maintained its leading position, with 25% of the global market.

Total shipments for the sector reached 64.3 million units, that compared with the 70.6 million units shipped in the period a year earlier.

After falling for eight consecutive quarters, “there is evidence that the PC market’s decline has finally bottomed out”, said Mikako Kitagawa, a Gartner analyst.

Corporate customers may be reaching their next purchasing cycle, spurred by Microsoft Corp’s Windows 11 software upgrades, and consumers may be ready to replace PCs bought earlier in the pandemic, she said.

“The good news for PC vendors is that the worst could be over by the end of 2023,” Kitagawa said. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read