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The global PC shipments in the third quarter of the year fell by 9% from a year earlier to about 64.3 million units, sliding for the eighth consecutive quarter, according to data from market research firm Gartner.
The performance in the third quarter is expected to be the low point in two years, it said.
Shipments of Apple computers fell 24.2% year over year in the quarter, marking the steepest drop among PC makers, while HP posted a 6.4% growth, making it the only company to post positive growth in the quarter, showed the data.
Lenovo saw the most shipments at 16.1 million units shipped, representing 25.1% of the total market share. Apple had 9.7% of the market share down from 11.7%.
“There is evidence that the PC market’s decline has finally bottomed out, and seasonal demand from the education market boosted shipments in the third quarter, although enterprise PC demand remained weak, offsetting some growth, said Mikako Kitagawa, Director Analyst at Gartner.
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, he said.