PC Shipments Rise in 4Q After Two-Year Slump, Gartner Says
By Will Feuer
Global shipments of personal computers rose in the fourth quarter from the prior year, the first increase in quarterly shipments after eight straight quarters of declines, according to research firm Gartner.
"The PC market has hit the bottom of its decline after significant adjustment," Gartner analyst Mikako Kitagawa said. "This subtle growth suggests that demand and supply are finally balanced."
Apple's PC shipments rose by more than 7% in the fourth quarter, according to Gartner, while Lenovo's and HP's shipments rose about 3% and nearly 6%, respectively. Dell's shipments fell 8%.
For the full year, PC shipments fell nearly 15%, with units shipped falling below 250 million for the first time since 2006. Gartner is projecting that shipments will return to growth this year, though Kitagawa cautioned that component price increases and geopolitical uncertainty could weigh on the sector.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 10, 2024 17:22 ET (22:22 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks