Tag: Global PC market

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Economy India News

India’s PC Market Sees 2.6% Growth

HP unveils new PCs to enable hybrid lifestyle for creators in India.

Even with reduced demand for notebooks, premium notebooks (over $1,000) increased by a healthy 21 per cent year-over-year….reports Asian Lite News

India’s traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in the first quarter (Q1) of 2024, up 2.6 per cent year-over-year, a report said on Thursday.

According to International Data Corporation (IDC), the desktop and workstation categories increased by 10.1 per cent year-over-year and 2.7 per cent year-over-year, respectively, and notebooks dropped by 1.7 per cent year-over-year.

Even with reduced demand for notebooks, premium notebooks (over $1,000) increased by a healthy 21 per cent year-over-year.

“The consumer segment had a third consecutive quarter of year-over-year growth. However, the demand softened from the high double-digit growth in the previous two quarters to under 5 per cent growth,” said Bharath Shenoy, Research Manager, IDC India & South Asia.

In Q1, the consumer segment grew by 4.4 per cent year-over-year due to low volumes in Q1 of 2023. while the commercial segment increased by 1.3 per cent year-over-year on the back of 56.9 per cent year-over-year growth in the government segment despite a decline in enterprise orders, the report mentioned.

HP led the market with a share of 30.1 per cent in Q1 as it topped the charts in both commercial and consumer segments, while Dell secured the second spot with a share of 17.5 per cent.

As per analysts, the PC market in the country is facing challenges in the commercial segment due to reduced PC procurement from the IT/ITES sector and global accounts, which traditionally drive significant volumes.

“The market is expected to start recovering by the end of 2024 with refresh buying from the enterprise segment. The vendors have also fast-tracked the local assembly of commercial notebooks, which will help in reducing the imports in the next few quarters,” said Navkendar Singh, Associate Vice President, Devices Research, IDC APAC.

Meanwhile, India’s electronic goods exports increased by 25.8 per cent in the month of April (Year-on-Year), from $2.11 billion in April 2023 to $2.65 billion this year, the Ministry of Commerce and Industry said on Wednesday.

Overall, India’s total exports (merchandise and services combined) in April is estimated to be $64.56 billion, clocking a growth of 6.88 per cent over April last year.

The key drivers of merchandise exports growth included electronic goods, organic and inorganic chemicals, petroleum products and drugs and pharmaceuticals, according to the ministry.

Led by mobile phones, the export of electronics goods has seen a meteoric rise in the last 10 years.

Mobile phone exports from India were Rs 1,556 crore in 2014-15.

According to industry data, cumulative exports of mobile phones during the 2014-2024 period reached around Rs 3,22,048 crore.

The last fiscal year (FY24) alone is estimated to see mobile phone exports at over Rs 1,20,000 crore.

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Business Tech Lite Technology

Global PC Market Hits Historic Low

This downturn, unparalleled in the industry’s recorded history, reflects the aftermath of the significant surge in PC purchases driven by the COVID-19 pandemic…reports Asian Lite News

Global PC shipments declined 13.9 per cent in 2023 compared to 2022, experiencing unprecedented consecutive declines and marking a stark departure from historical trends tracked since 1995.

In 2022, shipment volume plummeted 16.5 per cent compared to the previous year, and preliminary results suggest an additional 13.9 per cent contraction in 2023 compared to 2022, according to the International Data Corporation (IDC).

This downturn, unparalleled in the industry’s recorded history, reflects the aftermath of the significant surge in PC purchases driven by the COVID-19 pandemic.

“Across the major technology categories, the PC market has arguably been the biggest roller coaster in terms of ups and downs over the past four years,” said Ryan Reith, group vice president with IDC’s Mobility and Consumer Device Trackers.

Lenovo with 59 million units and 22.7 per cent market share led the global PC market, followed by HP Inc with 52.9 million units and 20.4 per cent share and Dell with 40 million units shipped with 15.4 per cent market share. While the market was down again in 2023 in terms of shipments, there is a lot of positive momentum for PCs looking forward.

“While AI has clearly captured everyone’s attention, it shouldn’t be overlooked that 2024 is expected to be a strong year for commercial PC refresh, and the advancements around gaming PCs continues to drive market excitement,” he noted.

The traditional PC market saw nearly 67.1 million PCs shipped in the fourth quarter of 2023, which was down 2.7 per cent from the prior year, according to preliminary results. The silver lining is that the market contractions appear to have bottomed out and growth is expected in 2024.

Despite the improved results, the fourth quarter was the eighth consecutive quarter of year-over-year shipment volume contraction. The holiday quarter shipments also marked the lowest fourth quarter volume since 4Q06, underscoring a market recovering slowly amidst weak demand and reliance on substantial promotions, said the IDC report.

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Business Tech Lite Technology

Global PC market shrinks 29%

Lenovo led the global PC market with 22.4 per cent market share, followed by HP Inc at 21.1 per cent and Dell Technologies at 16.7 per cent….reports Asian Lite News

Weak demand, excess inventory and a worsening macroeconomic climate resulted in the global shipments of traditional PCs recording 56.9 million in the first quarter of 2023, a huge 29 per cent drop compared to the same quarter last year, a report has shown.

Lenovo led the global PC market with 22.4 per cent market share, followed by HP Inc at 21.1 per cent and Dell Technologies at 16.7 per cent.

Shipment volume in the Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018, according to the preliminary results from the International Data Corporation (IDC).

“Though channel inventory has depleted in the last few months, it’s still well above the healthy four to six week range,” said Jitesh Ubrani, research manager for IDC’s Mobility and Consumer Device Trackers.

“Even with heavy discounting, channels and PC makers can expect elevated inventory to persist into the middle of the year and potentially into the third quarter,” he added.

Traditional PCs include desktops, notebooks and workstations and do not include tablets or x86 servers.

According to the report, the pause in growth and demand is also giving the supply chain some room to make changes as many factories begin to explore production options outside China.

Meanwhile, PC makers are also rejigging their plans for the remainder of the year and have begun to pull in orders for Chromebooks due to an expected increase in licensing costs later this year.

That said, PC shipments will likely suffer in the near term with a return to growth towards the end of the year with an expected improvement in the global economy and as the installed base begins to think about upgrading to Windows 11, the report mentioned.

“By 2024, an aging installed base will start coming up for refresh,” said Linn Huang, research vice president, Devices and Displays at IDC.

If the economy is trending upwards by then, “we expect significant market upside as consumers look to refresh, schools seek to replace worn down Chromebooks, and businesses move to Windows 11,” Huang added.

If recession in key markets drags on into next year, recovery could be a slog.

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