Global personal computer (PC) shipments totaled 64.3 million units in the third quarter (Q3) of 2023 which is a 9 per cent decline in from same quarter of last year, according to preliminary results by market research firm Gartner Inc. The top three PC makers were Lenovo, at t he top, followed by HP and Dell. The decline in Q3 results mark the eighth consecutive quarter of fall for the global PC market, but Gartner is expecting to see growth again starting in the fourth quarter (Q4) of this year.


Lenovo maintained the top spot in shipments with 25.1 per cent market share, followed by HP and Dell with a share of 21 per cent and 16.1 per cent, respectively. The other three players were Apple, Taiwanese major Asus and Acer with a market share of 9.7 per cent, 7.6 per cent and 6.8 per cent, respectively.


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Apple's shipments declined sharply compared to a year ago, in part because its shipment volume increased significantly in Q3 once supply disruptions from earlier in 2022 due to China's lockdown had eased. In the third quarter of 2023, Apple’s shipments followed seasonal trends, primarily driven by demand from students and educators.


Top player Lenovo again saw a year-over-year decline in shipments, it was eased to a single digit decrease. Meanwhile, HP was the only vendor to exhibit year-over-year growth, with shipments increasing across all regions. Dell reported a sixth consecutive quarter of shipment decline, impacted by weak enterprise PC demand given its a strong presence in the segment.


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“There is evidence that the PC market’s decline has finally bottomed out,” Mikako Kitagawa, Director Analyst at Gartner, said in a statement.


“Seasonal demand from the education market boosted shipments in the third quarter, although enterprise PC demand remained weak, offsetting some growth. Vendors also made consistent progress towards reducing PC inventory, with inventory expected to return to normal by the end of 2023, as long as holiday sales do not collapse.”


Gartner is estimating 4.9 per cent growth for the worldwide PC market for 2024, with growth expected in both the business and consumer segments.