PC shipments have dropped 29 percent to 56.9 million during the first quarter of 2023 due to weak demand, excess inventory, and a worsening macroeconomic climate, IDC report said.
PC shipment volume in Q1 2023 was significantly lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018.
Leading PC vendors and their shipments are: Lenovo (12.7 million), HP (12 million), Dell (9.5 million), Apple (4.1 million) and Asus (3.9 million) during the first quarter of 2023.
Top PC vendors and their market share are: Lenovo (22.4 percent), HP (21.1 percent), Dell (16.7 percent), Apple (7.2 percent) and Asus (6.8 percent) during the first quarter of 2023.
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“Though channel inventory has depleted in the last few months, it’s still well above the healthy four to six week range,” said Jitesh Ubrani, research manager for IDC’s Mobility and Consumer Device Trackers. “Even with heavy discounting, channels and PC makers can expect elevated inventory to persist into the middle of the year and potentially into the third quarter.”
PC makers are also rejigging their plans for the remainder of the year and have begun to pull in orders for Chromebooks due to an expected increase in licensing costs later this year.
PC shipments will suffer in the near term with a return to growth towards the end of the year with an expected improvement in the global economy and as the installed base begins to think about upgrading to Windows 11.
“By 2024, an aging installed base will start coming up for refresh,” Linn Huang, research vice president, Devices and Displays at IDC, said. “If the economy is trending upwards by then, we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11.”