PC shipments are down for HP, Lenovo and Dell, but Apple’s shipments are up in the quarter | Job Binary


This photo taken on Jan. 8, 2020 shows the world’s first 5G personal computer that Lenovo launched at the 2020 Consumer Electronics Show in Las Vegas, US.

Wu Xiaoling | Xinhua News Agency | Getty Images

The personal computer market saw shipments continue to cool in the third quarter as demand slumped and supply chain issues persisted, according to data released Monday by International Data Corporation.

Compared to this time last year, shipments were down 15%, which is still above pre-pandemic levels, IDC found. Global shipments were 74.3 million in the quarter, down from 87.3 million in the same period last year.

HP PC shipments were down about 28%, Dell shipments fell by 21% and Lenovo 16% Meanwhile, Apple the trend reversed as PC shipments rose 40% in the third quarter.

AMD The chipmaker hinted at such headwinds last week when it cut its third-quarter sales forecast on Thursday, blaming a bigger-than-expected hit on the PC market and supply chain issues.

Investors will likely be watching for signs of weakness in PC shipments Microsoft and Intel report third quarter earnings this month. Microsoft will publish the results on October 25th, and Intel will release them on October 27th.

WATCH: PC weakness hitting mid-cap stocks like AMD, says BofA’s Vivek Arya

PC weakness is weighing on mid-cap stocks like AMD, says BofA's Vivek Arya



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