IDC: PC Market Shrinks 29% in Q1 on Weak Demand

IDC: PC Market Shrinks 29% in Q1 on Weak Demand

IDC: PC Market Shrinks 29% in Q1 on Weak Demand

The PC market had another disappointing quarter, with global shipments contracting 29% from a year ago according to the latest IDC report. Based on preliminary data, the total number of PCs sold in January-March totaled 56.9 million units, down 23.3 million units from the total for the first quarter of 2022. All top five vendors PCs are seeing double-digit declines, with Apple being the worst with a 40.5% gap between Q1 2022 and Q1 2023.

Market share of the top 5 PC companies in the first quarter of 2023

Lenovo remained the global leader in total shipments with 12.7 million units and a market share of 22.4%. HP came second with 12 million shipments and a 15.8% market share while Dell completed third place with 9.5 million shipments accounting for 13.7% of the market. Apple came in fourth place with 4.1 million shipments and a 7.2% market share while Asus was fifth with 3.9 million shipments and a 6.8% market share.

Top 5 Traditional PC Companies, Global Shipments, Market Share and Year-over-Year Growth, Q1 2023
Supplier Q1 2023 shipments (millions) Q1 2023 market share Q1 2022 shipments (millions) Q1 2022 market share Annual growth
Lenovo 12.7 22.4% 18.3 22.8% -30.3%
HP 12.0 21.1% 15.8 19.7% -24.2%
Dell 9.5 16.7% 13.7 17.1% -31.0%
Apple 4.1 7.2% 6.9 8.6% -40.5%
Asus 3.9 6.8% 5.6 6.9% -30.3%
Others 14.7 25.9% 19.9 24.8% -26.0%
Total 56.9 100% 80.2 100% -29.0%
Notes: Percentages may not add up to 100% due to rounding
Source: IDC Quarterly Personal Computing Device Tracker, April 2023

The latest PC crisis was caused by persistently weak consumer demand, excess inventory and economic market instability. The coming months don’t look good for PC vendors, with IDC experts predicting a return to growth by the end of this year.



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