Economic conditions cause decline in global PC market
The worldwide PC market has further deteriorated in the third quarter of 2001 with shipments declining by 13.7% to a meagre 29.1 million.
IDC research shows that the worldwide PC market has further deteriorated in the third quarter of 2001 with shipments declining by 13.7% to a meagre 29.1 million. Sequential growth came in at only 0.8%, compared to an average sequential growth for the quarter of 15% over the past several years.
"The continuing depressed worldwide economic conditions caused yet another quarter of disappointing PC shipments worldwide," says Tom Copeland, vice president of IDC's worldwide quarterly tracker products.
"The September 11 attacks and subsequent events further accentuated an already difficult economic environment. Both consumer and commercial confidence is at an all-time low," he adds.
IDC reports that in the Asia/Pacific (excluding Japan) region consumer and corporate confidence spiralled during September as The HP-Compaq merger, terrorist attacks, Taiwan typhoons, and the possibility of further political instability lengthened the "wait-and-see" attitude of both parties.
Growth in Europe also declined as consumer and commercial confidence also waned. As a result, July and August shipments were down substantially, with IDC reporting that the trend continued in September.
PC shipments in the United States in 3Q01 were in line with IDC's post-attack revised forecast, falling 21% year on year and rising 1.7% sequentially. Given that the average sequential growth rate in the third quarter from 1994 to 2000 has been 14.1%, the sequential growth from the second quarter of 2001 was, in an extension of an alarming trend, well below the historical pattern.
On the vendor front, the analyst house reported that Dell's aggressive pricing and ability to react quickly to changing market conditions allowed the market leader to further distance itself from competitors as Dell was the only top international vendor that grew worldwide shipments sequentially.