For the fourth consecutive quarter, an excess of unsold inventory reduces shipments.
The global PC market is experiencing its worst drop in shipments in history.
According to research firm Gartner, global shipments of desktop and laptop computers decreased by 19.5% in the third quarter of this year compared to the same period last year.
The market may recover in the second half of 2023.
Ishan Dutt, senior analyst at Canalys, observed that “the quick decline in demand across all segments is a wake-up call not only for suppliers but also for stakeholders across the whole supply chain.”
According to him, Intel and AMD are experiencing challenges as a result of the complexity of their PC operations, and smaller component manufacturers, from integrated circuits to memory, are reducing production and revising downward their revenue projections.
Despite a 15% decline in shipments this year, Lenovo Group Ltd. is still the top supplier to PC manufacturers, according to Gartner.