Worldwide PC market recovering after two bad years
It’s another sign of economic recovery. After two years of decline, the worldwide traditional PC market returned to growth during the first quarter of 2024. Total shipment was 59.8 million and up 1.5% year over year, according to preliminary data from the International Data Corporation (IDC). Weak demand in China led to decline in desktop shipments but IDC says recovery of the PC market will continue this year.
Growth was largely achieved due to easy year-over-year comparisons as the market declined 28.7% during the first quarter of 2023, which was the lowest point in PC history. In addition, global PC shipments finally returned to pre-pandemic levels as Q1 volumes rivalled those seen in Q1 2019 when 60.5 million units were shipped, idc SAYS.
“With inflation numbers trending down, PC shipments have begun to recover in most regions, leading to growth in the Americas as well as Europe, the Middle East, and Africa (EMEA).”
“However, the deflationary pressures in China directly impacted the global PC market. As the largest consumer of desktop PCs, weak demand in China led to yet another quarter of declines for global desktop shipments, which already faced pressure from notebooks as the preferred form factor.”
“Despite China’s struggles, the recovery is expected to continue in 2024 as newer AI PCs hit shelves later this year and as commercial buyers begin refreshing the PCs that were purchased during the pandemic,” says Jitesh Ubrani, the company’s research manager.
“Along with growth in shipments, AI PCs are also expected to carry higher price tags, providing further opportunity for PC and component makers.”
Among the top 5 companies, Lenovo held the top spot and outgrew the market largely due to the steep decline in shipments experienced in Q1 last year. Apple’s strong growth was also due to an outsized decline in the prior year, IDC’s data shows.
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