HomeTechnologyGlobal PC Shipments Fall By 9% in Q3

Global PC Shipments Fall By 9% in Q3

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.

Stocks Continue Slide as Israel-Iran Tension Ensues

Stocks on the New York Stock Exchange continued their drop-off on Friday as investor anxiety rose following Israel's retaliatory strike against Iran. Market composure...

United Airlines Stock Jumps 14% After Strong Q1 Results and Optimistic Projections for Q2

Following a strong first-quarter earnings report, United Airlines saw its stock jump 14% on Wednesday. Investors were also intrigued by the company’s optimistic projections...

iPhone Shipments Drop By 10%, Get Overtaken By Samsung as World’s Largest Phone Seller

2024 is shaping up to be a challenging year for tech giant Apple. The company saw its iPhone shipments drop by almost 10% in...