Heard on the Street: The pandemic-driven boom for the personal-computer business is over
The pandemic-driven boom for the personal-computer business is over. The big question now is where the market settles.
Global PC sales averaged around 265 million units annually in the five-year period before the pandemic’s onset in 2020, according to IDC. That numberin 2020, as the pandemic sent workers and companies rushing to gear up for working at home. The rush continued well into this year, which IDC expects to end with more than 340 million PC units shipped.
That would be the best year for the industry since 2012, but it also reflects a notable slowdown already under way. Third-quarter PC sales grew less than 4% year over year following five straight periods of double-digit gains, according to IDC’s data. And the firm’s full-year projection suggests a 4% decline in the fourth quarter is likely.
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