Global Device Shipments To Decline 4% In 2023, PCs To Be Worst Hit: Report

The global shipments of total devices (PCs, tablets and mobile phones) are likely to decline 4.4 per cent this year to reach 1.7 billion units, a report showed on Tuesday.

 

 

will continue to record the worst decline of all devices segments in 2023. are estimated to decline 6.8 per cent in 2023, after a 16 per cent decline in 2022.

In 2022, the devices shipment market declined 11.9 per cent globally, according to Gartner.

"The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1 per cent in 2023," said Ranjit Atwal, senior director analyst at Gartner.

"We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023," Atwal added.

By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11.

However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022.

The worldwide smartphone shipments may decline 4 per cent in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.

"Consumers are holding onto their phones longer than expected, from six to 9 months, and moving away from fixed to flexible contracts in the absence of meaningful new technology," said Atwal.

In addition, vendors are passing on inflationary component costs to users which is dampening demand further. End-user spending on mobile phones is projected to decline 3.8 per cent in 2023.

--IANS

na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more