May 27, 2024
Global PC Market Returned to Growth During 1Q24 [Chart]

Global PC Market Returned to Growth During 1Q24 [Chart]

Posted April 8, 2024 at 10:50pm by iClarified
The global PC market returned to growth during the first quarter of 2024, according to a new report from IDC. Shipments for the quarter grew 1.5% year over year to 59.8 million units. That's nearly the same level as pre-pandemic shipments in 2019.

Growth was largely achieved due to easy year-over-year comparisons as the market declined 28.7% during the first quarter of 2023, which was the lowest point in PC history. In addition, global PC shipments finally returned to pre-pandemic levels as 1Q24 volumes rivaled those seen in 1Q19 when 60.5 million units were shipped. With inflation numbers trending down, PC shipments have begun to recover in most regions, leading to growth in the Americas as well as Europe, the Middle East, and Africa (EMEA). However, the deflationary pressures in China directly impacted the global PC market. As the largest consumer of desktop PCs, weak demand in China led to yet another quarter of declines for global desktop shipments, which already faced pressure from notebooks as the preferred form factor.

Global PC Market Returned to Growth During 1Q24 [Chart]

"Despite China's struggles, the recovery is expected to continue in 2024 as newer AI PCs hit shelves later this year and as commercial buyers begin refreshing the PCs that were purchased during the pandemic," said Jitesh Ubrani, research manager with IDC's Worldwide Mobile Device Trackers. "Along with growth in shipments, AI PCs are also expected to carry higher price tags, providing further opportunity for PC and component makers."

Notably, Apple's shipments were up 14.6% year over year; however, that is attributed to an outsized decline in the prior year. The company placed fourth overall, behind Lenovo, HP, and Dell with 8.1% market share.

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Global PC Market Returned to Growth During 1Q24 [Chart]

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