Demand may be 'tepid at best' but analyst sees return to pre-2019 levels next year
The PC market is expected to return to growth in 2024, according to estimates from IDC analysts.
Still, industry players might want to taper their enthusiasm. PC shipments are forecast to grow 3.7 percent year-on-year to hit 261.4 million units in 2024, putting them above 2018 levels, but not quite on par with 2019 demand. Meanwhile, 2023 is predicted to sink by 13.7 percent to 252 million units.demand"tepid at best" and said 2023 will be the year with the"greatest annual decline in consumer PC shipments since the category's inception.
IDC recognizes the market still faces challenges including"concerns around the consumer market refresh cycle, businesses pushing device purchases forward, and education budgets that are not rebounding in many markets." Market hesitancy, as always, boils down to uncertainty. For one, processors are seeing what IDC called"some of the biggest shifts in commercial PC history" as AMD market share hit 11 percent in 2022 and Apple pulled in just over 5 percent that year.
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