Lenovo retains top spot as global PC market slows in Q1

Lenovo held on its pole position in the global PC market in Q1 with 22.7 percent share, a slight drop from 23.7 percent for the corresponding period last year, according to IDC.

The rest of the top five remained unchanged from the last quarter with HP, Dell, Apple and Asus filling up the slots, and Acer tying with Asus in fifth. Other than HP and Acer, the others experienced growth in Q1.

As a result of ongoing supply chain shortages and a challenging comparison to a strong Q1 last year, notebook PCs saw a year-over-year decline while desktops grew slightly.

Overall, global shipments of traditional PCs, including desktops, notebooks, and workstations, declined 5.1 percent in Q1. The PC market is coming off two years of double-digit growth, so the decline is viewed as a change in momentum rather than a downward spiral.

Vendors shipped 80.5 million PCs, marking the seventh consecutive quarter where global shipments surpassed 80 million, a feat not seen since 2012.

“The focus shouldn’t be on the year-over-year decline in PC volumes because that was to be expected. The focus should be on the PC industry managing to ship more than 80 million PCs at a time when logistics and supply chain are still a mess, accompanied by numerous geopolitical and pandemic-related challenges,” said Ryan Reith, Group Vice President of IDC’s Worldwide Mobile Device Trackers.

“Even as parts of the market slow due to demand saturation and rising costs, we still see some silver linings in a market that has reached an inflection point towards a slower pace of growth. Aside from commercial spending on PCs, there are still emerging markets where demand had been neglected in the earlier periods of the pandemic, and higher end consumer demand also has held up,” said Jay Chou, Research Manager of IDC’s Quarterly PC Monitor Tracker.

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