PC Market Returns to Growth in 1Q24
Global PC shipments grew around 3% YoY in 1Q24 after eight consecutive quarters of declines due to demand slowdown and inventory correction, according to Counterpoint Research.
Worldwide PC shipments totaled 64.8 million units in the second quarter of 2020, a 2.8% increase from the second quarter of 2019, according to preliminary results by Gartner. After a significant decline in the first quarter of the year due to COVID-19-related supply chain disruptions, the PC market returned to growth as vendors restocked their channels and mobile PC demand increased.
“The second quarter of 2020 represented a short-term recovery for the worldwide PC market, led by exceptionally strong growth in EMEA,“ said Mikako Kitagawa, research director at Gartner. “After the PC supply chain was severely disrupted in early 2020 due to the COVID-19 pandemic, some of the growth this quarter was due to distributors and retail channels restocking their supplies back to near-normal levels. Additionally, mobile PC growth was particularly strong. However, this uptick in mobile PC demand will not continue beyond 2020, as shipments were mainly boosted by short-term business needs due to the impact of the COVID-19 pandemic.“
In the second quarter of 2020, Lenovo and HP shared the number one position in the market, owing to HP’s strong growth in the quarter. They accounted for half of PC shipments, up from 46.6% in the second quarter of 2019.
Preliminary PC Shipment Estimates for 2Q20 (Thousands of Units)
Company | 2Q20 Shipments | 2Q20 Share | 2Q19 Shipments | 2Q19 Share | Growth |
Lenovo | 16,197 | 25.0% | 15,541 | 24.7% | 4.2% |
HP | 16,165 | 24.9% | 13,810 | 21.9% | 17.1% |
Dell | 10,648 | 16.4% | 10,680 | 16.9% | -0.3% |
Apple | 4,368 | 6.7% | 4,157 | 6.6% | 5.1% |
Acer | 4,007 | 6.2% | 3,241 | 5.1% | 23.6% |
ASUS | 3,593 | 5.5 | 2,960 | 4.7 | 21.4 |
Others | 9,829 | 15.2 | 12,658 | 20.1 | -22.4 |
Total | 64,808 | 100.0 | 63,047 | 100.0 | 2.8 |
The U.S. PC market grew 3.5%, registering its fifth consecutive quarter of growth. Double-digit mobile PC growth was offset by a 44% decline in deskbased PCs. Shipments in EMEA rose 20%, representing the strongest growth in this region in over 10 years. The exceptionally strong market demand was driven by the requirement for remote work and online education due to COVID-19, as well as a boom in consumer demand and increased vendor supply to the region. The Asia/Pacific market declined 8.1%. While the consumer PC market was strong, driven by both replacement and first-time purchases to address stay at home requirements, the business market was weak, reflecting demand challenges and budget constraints in certain verticals, such as government and education.
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