Article Image

IPFS News Link • Economy - Economics USA

PC Shipments Plunge 20%, Steepest Drop In More Than 20 Years

• Zero Hedge

In the recent quarter, PC manufacturers shipped 68 million computers, down from 84.5 million in the same quarter of 2021 - after elevated pandemic-related sales were followed by a slowdown in consumer spending on electronics, the Journal reports.

"This quarter's results could mark a historic slowdown for the PC market," said Gartner analyst Mikako Kitagawa. "While supply chain disruptions have finally eased, high inventory has now become a major issue given weak PC demand in both the consumer and business markets."

Back-to-school sales were weaker than expected despite promotions and price drops aimed at driving purchases, Ms. Kitagawa said. A slowing global economy is also making businesses more cautious in their spending decisions. 

The U.S. market for PCs declined by 17.3% in the third quarter, driven by a slump in laptop sales, according to Gartner. -WSJ


Home Grown Food