The global PC sales revenue is expected to drop by 4.1 percent to $207.6 billion in 2022 due to supply chain issues, the China lockdown, the Russian-Ukrainian war, and slashed global demand because of global inflation.
A perfect storm of supply chain issues, the China lockdown, the Russian-Ukrainian war, and global inflation have slashed global demand for PCs this year, facing the entire market with the steepest drop since the 1990s.
According to data presented by AugustaFreePress.com, after explosive growth in 2020 and 2021, rising inflation, supply chain disruptions, and geopolitical issues have overturned the PC industry this year. As per Gartner, global PC shipments totaled 68 million units in the third quarter of 2022, showing a massive 19.5 percent year-over-year drop and the fourth consecutive quarter of YoY decline.
The plunging demand for PCs in both the consumer and business sectors has knocked down the entire market revenues below 2020 levels.
As per Statista, global PC sales revenue is expected to drop by $8.8 billion in 2022, and 57 percent of this will come from the laptop segment. Last year, laptop sales generated $126 billion worldwide. However, this figure is expected to drop by 4 percent YoY to $120.9 billion in 2022.
Desktop PC sales will drop by 4 percent to $29.4 billion this year followed by tablets with a 4.2 percent YoY drop and $57.2 billion in total sales.
Further, Statista expects global PC sales revenue to continue falling over the next two years to slip to $206.6 billion in 2024. The market will start recovering in 2025, with revenues rising to $212.8 billion.