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Worldwide PC shipments drop for the third straight quarter

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Global PC shipments declined by 7.6% in Q3 2023, with 68.2 million units shipped, according to IDC's Worldwide Quarterly Personal Computing Device Tracker.

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Though decline in PC shipments continues, the last two quarters witnessed a slower rate, indicating a potential move past the market low point.

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While PC inventory grew lean, downward pricing pressure persists and is expected to be an issue for consumer and business sectors.

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Among top 5 vendors, Apple experienced the largest decline due to unfavorable YoY comparisons following a COVID-related halt in its production in 3Q22.

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End support for Windows 10 and a device refresh cycle are predicted to help increase PC sales in the second half of 2024 and beyond.

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PC industry's slow progress allows supply chain to explore procurement, production options outside China, amid observant anticipation of AI advancements in PCs.