3 C
London
Saturday, January 28, 2023
HomePC Bust Cycle Will Last Until 2024
Array

PC Bust Cycle Will Last Until 2024

Date:

Related stories

Escobar: Can You Smell What The Year Of The Rabbit Is Cooking?

Escobar: Can You Smell What The Year Of The Rabbit Is Cooking? Authored by Pepe Escobar, The New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy... Liu H...

Visualizing Remittance Flows & GDP Impact By Country

Visualizing Remittance Flows & GDP Impact By Country The COVID-19 pandemic slowed down the flow of global immigration by 27%. And, as Visual Capitalist's Richie Lionell details below, alongside it, travel restrictions, job losses, and mo...

Canada’s Bill C-26: Yet Another Government Power Grab

Canada's Bill C-26: Yet Another Government Power Grab Authored by Mark Jeftovic via EasyDNS.com, Soviet Era Ethos Stomps Privacy and Due-Process Another doozy from the Canadian government. Following along several other bills winding t...

Thai Rice Prices Jump As Global Food Crisis Reignites

Thai Rice Prices Jump As Global Food Crisis Reignites Soaring rice prices is the latest example of persistent food inflation. The grain is responsible for feeding billions of people, and prices were relatively stable last year while wheat ...

Here’s What Happens To Society When The System Fails

Here's What Happens To Society When The System Fails Authored by Fabiann Ommar via The Organic Prepper blog, When the system begins to fail, society can quickly crumble. Two such events have occurred recently... Let’s reflect on the Br...
PC Bust Cycle Will Last Until 2024

The PC bust cycle will extend well into 2023 and might not see a turnaround until 2024. The pandemic-era demand has mostly evaporated as consumers and companies delay purchases. 

The hangover for the PC market has been well underway for the last two quarters. A note from Gartner Inc. shows worldwide shipments of PCs fell 29% in the fourth quarter from a year ago. Another report from International Data Corp. confirmed the pandemic-era computer boom is over for now. 

Mikako Kitagawa, the director analyst at Gartner, said the first cracks of the PC bust cycle materialized in the third quarter of last year when corporate buyers began to pull back on purchases. 

"Enterprise buyers are extending PC life cycles and delaying purchases, meaning the business market will likely not return to growth until 2024," Kitagawa said, who was quoted by WSJ

Gartner's report showed that PC makers shipped 65.3 to 67.3 million PCs in the fourth quarter. For the full year, shipments totaled about 286.2 million units, a 16% increase versus the year before. 

IDC said Dell Technologies recorded the most significant decline in PC shipments for the year. Other PC brands that recorded shipment declines were Lenovo, HP, Apple, and Asus. 

Despite all the gloom, Lenovo, a Chinese tech company, had the largest market share of all PC sales in the quarter at around 23%. 

Entirely separate but worth noting is the computer-equipment maker Logitech that saw shares crash as much as 19% today, the most since April 2011. The company slashed guidance due to a slowdown in the PC space. 

Recall that we have outlined how graphics cardsmemory chips, and monitor prices have plunged in the last two quarters. 

Tyler Durden Thu, 01/12/2023 - 17:20

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here