The Clap
Demand for PCs continued to decline in Q3 2022 as supply chain issues continue.
The Deets
PC shipments recorded a 15% decline YoY, to record a total of 74.3 million units.
HP (NYSE: HPQ) saw shipments decline by around 28%, while Dell (NYSE: DELL) also saw a 21% decrease in shipments.
Why this Matters
The declining demand also impacts the chip manufacturing sector, as companies like AMD (NASDAQ: AMD) cut forecasts due to declining demand and persistent supply chain problems.
What Now
A comprehensive view of PC demand will be clearer once Microsoft and Intel report their Q3 earnings later this month.