PC Shipments Decline 28.5% in Q4 Quarter 2022 and 16.2% for the Year

PC Shipments Decline 28.5% in Q4 Quarter 2022 and 16.2% for the Year

PC demand collapses due to economic uncertainty: Gartner, Inc.

Worldwide PC shipments totaled 65.3 million units in the fourth quarter of 2022, a 28.5% decrease from the fourth quarter of 2021, according to preliminary results by Gartner, Inc.

This marks the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s. For the year, PC shipments reached 286.2 million units in 2022, a 16.2% decrease from 2021.

Mikako Kitagawa, Director Analyst at Gartner said: “The anticipation of a global recession, increased inflation and higher interest rates have had a major impact on PC demand.

“Since many consumers already have relatively new PCs that were purchased during the pandemic, a lack of affordability is superseding any motivation to buy, causing consumer PC demand to drop to its lowest level in years.”

“The enterprise PC market is also being impacted by a slowing economy. PC demand among enterprises began declining in the third quarter of 2022, but the market has now shifted from softness to deterioration.

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"Enterprise buyers are extending PC lifecycles and delaying purchases, meaning the business market will likely not return to growth until 2024.”

Simultaneously, higher PC inventory levels started building in the first half of 2022 and have become a bottleneck for the PC market.

Low PC supply caused by high demand and supply chain disruptions through 2021 quickly turned into an excess of supply once demand quickly and significantly slowed.

The top three vendors in the worldwide PC market remained unchanged in the fourth quarter of 2022, with Lenovo maintaining the No. 1 spot in shipments with HP and Dell coming in second and third.

While Lenovo maintained 24% market share, the company experienced its steepest decline since Gartner started tracking the PC market. Lenovo’s shipments fell in all regions except in Japan, declining over 30% in EMEA and Latin America.

HP and Dell also experienced historically steep declines. HP was hit hardest in the EMEA market, where shipments decreased 44% year-over-year. For Dell, weak demand in the large business market impacted shipments in the second half of 2022.

“Total PC shipments in 2022 were close to pre-COVID levels, with 2019 shipments well below 300 million units,” said Kitagawa.

“The PC industry experienced very unusual ups and downs over the past 11 years.  After the extraordinary growth period between 2020 and 2021 due to the pandemic, the market has clearly begun a downward trend which will continue until the beginning of 2024.”

These results are preliminary. Final statistics will be available soon to clients of Gartner’s PC Quarterly Statistics Worldwide by Region program.

This program offers a comprehensive and timely picture of the worldwide PC market, allowing product planning, distribution, marketing and sales organizations to keep abreast of key issues and their future implications around the globe.

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