Global personal computer shipments declined by 9% during the third quarter of 2023, matching up with expectations from Gartner Inc. analysts. The analysts added that they expected this quarter to be the lowest point in a two-year market slump.
In a statement on Monday, Gartner revealed that HP Inc. was the only company to see rising sales during the period of July to September, with a 6.4% rise. On the opposite end of the equation, Apple saw a 24% slump in shipments during the third quarter. Lenovo retained its top spot in market share, retaining 25% of the global PC market.
“There is evidence that the PC market’s decline has finally bottomed out,” said Mikako Kitagawa, a Gartner analyst, spurring hopes that the market’s low point may be nearing an end. Total shipments for the period were 64.3 million units, lower from the 70.6 million a year earlier.