The PC market sent out another disappointing quarter, worldwide shipments contracting 29% compared to last year as per the latest IDC report. Based on preliminary data, the total number of PCs sold in January-March totaled 56.9 million units which is 23.3 million units fewer than the total for Q1 2022. All of the top-five PC vendors experience double-digit declines with Apple faring the worst with a 40.5% difference between Q1 2022 and Q1 2023.
Top 5 PC companies market share in Q1 2023
Lenovo remained the global leader in total shipments at 12.7 million units and a market share of 22.4%. HP came in second with 12 million shipments and a 15.8% market share while Dell rounded out the third spot with 9.5 million shipments amounting to 13.7% of the market. Apple came in fourth place with 4.1 million shipments and a 7.2% share of the market while Asus was fifth with 3.9 million shipments and a 6.8% market share.
Top 5 Traditional PC Companies, Worldwide Shipments, Market Share, and Year-Over-Year Growth, Q1 2023
|Vendor||Q1 2023 shipments (millions)||Q1 2023 market share||Q1 2022 shipments (millions)||Q1 2022 market share||Annual growth|
|Notes: percentages may not add up to 100% due to rounding|
Source: IDC Quarterly Personal Computing Device Tracker, April, 2023
The latest PC slump was caused by the ongoing weak consumer demand, excess inventory, and the unstable economic market. The upcoming months are not looking good for PC vendors with IDC experts predicting a return to growth by the end of this year.