Canalys: Global PC shipments fell 18% to 69.4 million in the third quarter

The market analysis agency Canalys released a report that the global personal computer market experienced a sharp decline in demand in the third quarter of 2022. Businesses were more cautious in spending on IT, and weakness in the consumer and education markets intensified, with total desktop and notebook shipments down 18% to 69.4 million. Unfavorable macroeconomic and industry factors, including high inflation, rising interest rates, and large channel inventories, have dampened momentum in the PC market, which is likely to persist into 2023. Laptop shipments were the most affected, down 19% year over year to 54.7 million units. Due to less reliance on consumer spending, desktop shipments were relatively stable, totaling 14.7 million units, down 11% year over year.

Lenovo maintained its leading position in the global PC market, but shipments fell 16% year-on-year to 16.9 million units. For the second consecutive quarter, HP posted the largest decline among the top five vendors, with shipments of 12.7 million units, down 28% year-over-year. Both Lenovo and HP posted their lowest shipments since the outbreak in the first quarter of 2020. Dell ranked third, also saw a sharp decline, with shipments of nearly 12 million units, a drop of 21%. Apple outperformed its rivals in the quarter as it fulfilled orders for the second quarter, which were delayed by supply disruptions in China, and launched its new M2 Macbook. It ranked fourth with shipments of 8 million units, a slight increase of 2% year-on-year. ASUS ranked in the top five with 5.5 million units shipped, down 8% year-on-year.

Ishan Dutt, senior analyst at Canalys, said that despite the current unfavorable environment, the importance of PCs to support new ways of working and help achieve digital transformation goals cannot be overstated. Older equipment in the customer base also needs to be replaced, and the market is expected to recover in the second half of 2023.

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