Global PC market returns to growth in first quarter after two-year decline, IDC says [Yahoo! Finance]
HP Inc. (HPQ)
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Source: Yahoo! Finance
results from market research firm International Data Corporation (IDC) released on Monday. The PC market grew 1.5% from a year earlier, with 59.8 million shipments in the first quarter, and returned to pre-pandemic levels with the onset of a refresh cycle for PCs that were purchased during the pandemic, the report added. WHY IT'S IMPORTANT The availability of AI-capable PCs is expected to bolster demand for the devices, helping the market rebound from a lull in orders after the pandemic-driven buying spree. CONTEXT PC demand over the past two years was also affected by the economic landscape, with high interest rates and sticky inflation forcing businesses and customers to delay system upgrades. According to IDC, the growth in the first quarter was largely driven by easy year-over-year comparisons, and the easing inflation has been also helping spark a recovery in the Americas as well as Europe. But weakness in China, the largest consumer of desktop PCs, continued and af
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HPQ
Earnings
- 2/28/24 - In-Line
HPQ
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- HPQ's page on the SEC website