Global PC shipments grew 5% in Q3: Report

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New Delhi, Oct 13 | The global PC market saw annual growth drop to 5 per cent in Q3 2021, with shipments of desktops and notebooks, including workstations settling at 84.1 million units, according to a new Canalys report.

Despite the reduction in growth, volumes remain at a remarkably high level, given how strong the industry performed in Q3 2020. As a result, the PC market has undergone a two-year CAGR of 9 per cent from Q3 2019. Despite high demand, PC business suffered a series of blows, making it extremely hard to facilitate supply.

Vendors and channel partners are still having difficulty fulfilling orders as backlogs persist. Notebooks and mobile workstation shipments grew 3 per cent year-on-year to hit 67.4 million units, while shipments of desktops and desktop workstations rose 12 per cent to 16.6 million units.

“The shortfall in supply of PCs is expected to last well into 2022, with the holiday season of this year set to see a significant portion of orders not met. Vendors able to manage this period of operational upheaval by diversifying production and distribution and having better visibility of orders to prioritize device allocation will be equipped to ride out the storm,” Canalys senior analyst Ishan Dutt said in a statement.

Of the top five PC vendors, all but one continued to post-shipment volume growth in Q3 2021. Lenovo led the market with 19.8 million units shipped, for a modest increase of 2.5 per cent year-on-year. HP maintained the second position, but underwent a 5.7 per cent decline, with a drop off in Chromebook shipments to the US playing a major role in the downslide.

Third-placed Dell was the big winner, posting the highest growth at 26.7 per cent with over 15 million units shipped and a market share gain of over 3 per cent from a year ago. Apple and Acer rounded out the top five with healthy growth of 14.4 per cent and 5.7 per cent, respectively, with the former also enjoying a market share gain.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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