Global PC shipments slide in Q1, Apple takes biggest hit - IDC (updated)

Asustek Computer

10/04/2023 10:40

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       April 10 (Reuters) - Global shipments of personal
computers (PCs) fell by 29% in the first quarter of 2023 due to
weak demand, excess inventory and a deteriorating macroeconomic
climate, with Apple Inc  APPL.O  taking the largest hit, market
research firm IDC said.
    In the report published Sunday, the International Data
Corporation (IDC) said global PC shipments numbered 56.9 million
in the first quarter of this year, down from 80.2 million in the
same period last year.
    The shipments extended a similar year-on-year decline of
28.1% in the last quarter of 2022.
    Of the top five PC companies analysed in the report, Apple's
Q1 shipments saw the largest drop of 40.5% from the same period
in 2022, with Dell Technologies Inc  DELL.N  coming in second
with a drop of 31%.
    Lenovo Group Ltd  0992.HK , Asustek Computer Inc  2357.TW  
and HP Inc  HPQ.N  also faced declines in shipments, the IDC
said.
    In February, Apple reported that sales of its Mac computers,
which had boomed during the wave of working from home during the
pandemic, declined 29% YoY to $7.7 billion in their most recent
quarter.
    "The preliminary results also represented a coda to the era
of COVID-driven demand and at least a temporary return to
pre-COVID patterns. Shipment volume in Q1 2023 was noticeably
lower than the 59.2 million units shipped in Q1 2019 and 60.6
million in Q1 2018," IDC said.
    "The pause in growth and demand is also giving the supply
chain some room to make changes as many factories begin to
explore production options outside China."
    Concerns over slowdowns in major economies remain, with
recent tumult in the banking sector exacerbating worries that
runaway inflation and tight monetary policy would hamper growth
and financial investments.
    If the economy is trending upwards by 2024, "we expect
significant market upside as consumers look to refresh, schools
seek to replace worn-down Chromebooks, and businesses move to
Windows 11," said Linn Huang, research vice president, Devices
and Displays at IDC.
    "If recession in key markets drags on into next year,
recovery could be a slog."

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 (Reporting by Bharat Govind Gautam in Bengaluru; Editing by
Varun H K)
 ((BharatGovind.Gautam@thomsonreuters.com;))