Global Chromebook market hits lowest point in 5 years

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New Delhi, May 6 | The market share of Chromebooks has hit its lowest point in five years, as the demand fell by 67 per cent (year-on-year) in the January-March quarter (Q1), a new report has shown.

The flipside of fewer Covid restrictions around the world means that education budgets have turned away from IT expenditures, which created an unfavorable year-to-year comparison with total shipments declining 7 per cent in the March quarter, according to Strategy Analytics.

“ChromeOS shipments suffered as education demand continued to slow down and consumer upgrades for Chromebook were at the lowest point, even compared to pre-pandemic levels,” said Chirag Upadhyay, industry analyst.

“Chromebook is still making an impact in new markets albeit slowly as the public sector look to spend towards cheaper devices for education,” he added.

Despite a 12 per cent growth decline, Lenovo kept the number one rank at 23 per cent market share.

HP took the biggest hit during the first quarter as notebook PC shipments were down 20 per cent (on-year) in Q1 to 12.5 million units.

Dell was the only top vendor to have registered over 5 per cent growth year-over-year, as 10.5 million units shipped during the first quarter.

Apple MacOS carried the momentum from last two quarters as shipments reached 6.1 million MacBooks during the first quarter, a 4 per cent growth from Q1 2021.

“The demand for commercial business stayed strong for Windows 11 PCs and MacBooks powered by M1 chipset, as most enterprise and SMB clients are still choosing hybrid work options and spending extra for quality products,” said Eric Smith, Director-Connected Computing.

Source: IANS

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Share Market Closing Bell: Market ends the week in green, Sensex surges 1,534 pts and Nifty sinks below 15,850

Share Market Closing Bell: Market ends the week in green, Sensex surges 1,534 pts and Nifty sinks below 15,850

The NIFTY 50 recouped the previous day’s losses and ended at 2.89 percent higher on strong global cues after China cut key lending rates. Nifty continued its upside rally throughout the day as it ended at 16266.15 levels. Bank nifty closed the session at 34276.40 level with a gain of 960 points. VIX closed at 23.10 down by 5.94%.

48 stocks out of NIFTY 50 closed in green which suggest broad based buying. All the sectoral indices are trading higher with metal, pharma, PSU bank and realty indices up 2-3 percent each. Stocks like DRREDDY, JSWSTEEL, NESTLEIND, TATAMOTORS & TATASTEEL were the top gainers, While SHREECEM & UPL were only two losers. The Nifty has formed Open Bullish Marabozu on a daily time frame which indicates upside momentum for an upcoming session.

Moreover, Nifty has been trading in a range of 15750-16410 levels throughout the week, crossing either side can direct further direction. In addition, Nifty has given a closing above 9-Day Moving Average which indicates a bounceback from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading witha positive crossover & reversed from oversold zone on an hourly chart which suggest a northward journey in Nifty. The Nifty may find Strong support around16000 levels, while on the upside 16410 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33200 levels while resistance at 34800levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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