The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023. Experts say, iust as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023.
The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending.
Secondly, PC shipments will continue to record the worst decline of all device segments in 2023. PC shipments are estimated to decline 6.8% in 2023, after a 16% decline in 2022.
Through 2023, PC vendors will reduce inventory levels and Gartner analysts expect PC inventory levels will return to normal by the second half of 2023 after significantly increasing in 2022. “Inventory levels increased due to vendors overestimating market demand and because of the collapse in consumer confidence and dramatic fall in demand,” say experts.
In 2022, while many business PCs could upgrade to the Windows 10 operating system), many did not. By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11. However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022. In addition, as high inflation rates and impending recession decrease discretionary spend and budgets, Gartner estimates consumers and businesses will extend their PC and tablet replacement cycles by over 9 months by the end of 2023.
Gartner forecasts worldwide smartphone shipments to decline 4% in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.
At the same time, consumers are holding onto their phones longer than expec.
The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023. Experts say, iust as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023.
The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending.
Secondly, PC shipments will continue to record the worst decline of all device segments in 2023. PC shipments are estimated to decline 6.8% in 2023, after a 16% decline in 2022.
Through 2023, PC vendors will reduce inventory levels and Gartner analysts expect PC inventory levels will return to normal by the second half of 2023 after significantly increasing in 2022. “Inventory levels increased due to vendors overestimating market demand and because of the collapse in consumer confidence and dramatic fall in demand,” say experts.
In 2022, while many business PCs could upgrade to the Windows 10 operating system), many did not. By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11. However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022. In addition, as high inflation rates and impending recession decrease discretionary spend and budgets, Gartner estimates consumers and businesses will extend their PC and tablet replacement cycles by over 9 months by the end of 2023.
Gartner forecasts worldwide smartphone shipments to decline 4% in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.
At the same time, consumers are holding onto their phones longer than expec
Technology video | 355 views
The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023. Experts say, iust as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023.
The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending.
Secondly, PC shipments will continue to record the worst decline of all device segments in 2023. PC shipments are estimated to decline 6.8% in 2023, after a 16% decline in 2022.
Through 2023, PC vendors will reduce inventory levels and Gartner analysts expect PC inventory levels will return to normal by the second half of 2023 after significantly increasing in 2022. “Inventory levels increased due to vendors overestimating market demand and because of the collapse in consumer confidence and dramatic fall in demand,” say experts.
In 2022, while many business PCs could upgrade to the Windows 10 operating system), many did not. By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11. However, Windows 11 will not drive enough sales to reach the same volumes seen between 2020 and 2022. In addition, as high inflation rates and impending recession decrease discretionary spend and budgets, Gartner estimates consumers and businesses will extend their PC and tablet replacement cycles by over 9 months by the end of 2023.
Gartner forecasts worldwide smartphone shipments to decline 4% in 2023. Smartphone shipments are projected to total 1.230 billion units in 2023, down from 1.280 billion units in 2022.
At the same time, consumers are holding onto their phones longer than expec
Technology video | 238 views
#Modi #cryptocurrencies #Cybercrimes
The rising demand for wearable devices
The demand for wearable devices has been on the rise and grew 9.9% during the third quarter of 2021 (3Q21) reaching 138.4 million units, which has increased to 26.5 percent, Unsurprisingly, the shipments for earphones, including the TWS earbuds, increased 26.5 percent, according to new data from the International Data Corporation (IDC). For the first time, the shipments of smartwatches surpassed the shipments of fitness trackers. With this, smartwatches have now become the second-biggest category in wearable devices, accounting for a 4.3 percent increase. Although the pandemic has driven interest in health and fitness tracking, wrist-worn wearables such as watches and wristbands faced challenges during the quarter as these devices were not immune to the supply constraints and shifting demand brought about by the pandemic. While the category has recently been led by Xiaomi's low-cost bands, the company was dethroned by Apple and Huawei in 3Q21 as they tied for first place in the wrist-worn segment. The reason behind the increased shipments of smartwatches is being said to be due to the users’ demand for more powerful features and functions and thus they are gradually shifting towards smartwatches. Also, there isn’t a huge price difference between a smartwatch and a fitness tracker, which is also a factor for the change.
Demand has been slowly shifting away from wristbands towards watches as consumers increasingly want a more capable device as the gap in pricing narrows,' said Jitesh Ubrani, research manager for IDC Mobility and Consumer Device Trackers. 'The number of watches sold for under $100 is now equal to wristbands, which have dominated this price band in the past. Growth amongst Indian and Chinese brands has been leading the low-end watch space while Apple, Huawei, and Samsung maintain a hold at the high-end. Coming to the companies, Apple is
Technology video | 211 views
Most of the other major PC makers experienced business decline, with most in double digit territory. Whereas, Gartner says that, the worldwide PC shipments were down 19.6%, again with comparable losses for competitors, but with another big discrepancy in the Apple number with Gartner finding it falling 15.6% year over year.
As per Canalys, adverse macroeconomic and industry factors including high inflation, rising interest rates and bloated channel inventories have dented the PC market’s momentum, and are likely to persist into 2023. Notebook shipments suffered the most, posting a year-on-year decline of 19% with 54.7 million units shipped. Desktop shipments proved more robust due to less reliance on consumer spending, falling 11% year-on-year for a total of 14.7 million units.
Lenovo maintained pole position in the global PC market but suffered a 16% year-on-year drop to 16.9 million units. For the second quarter in a row, HP underwent the largest decline out of the top five vendors as it posted 12.7 million units, a 28% year-on-year fall.
Both Lenovo and HP shipped their lowest totals since the onset of the pandemic in Q1 2020. Third-placed Dell also posted a significant decline of 21% in shipments, posting just under 12 million units.
Apple enjoyed a better quarter than its competitors as it fulfilled orders from Q2 delayed due to supply disruptions in China and launched new M2 Macbooks. It sealed fourth place with 8.0 million units, a modest year-on-year increase of 2%. Asus rounded out the top five with 5.5 million units, an annual decrease of 8%.
PC sales posted their fastest growth in 20 years during the first quarter of 2021 as consumers and businesses bought new laptops and desktops for remote work and learning. In 2021, PC sales grew about 15%, returning to 2012 levels after nearly a decade of slow or no growth.
Companies allowed employees to log into their systems with hastily deployed VPNs without ha
Technology video | 146 views
The short-term outlook for semiconductor revenue has worsened. Experts say, Rapid deterioration in the global economy and weakening consumer demand will negatively impact the semiconductor market in 2023.
Global semiconductor revenue is forecast to total $596 billion in 2023, down from the previous forecast of $623 billion. Currently, the semiconductor market is polarized between the consumer-driven markets and enterprise-driven markets.
Weakness in the consumer-driven markets is being driven largely by the decline in disposable income caused by rising inflation and interest rates, but also by the reprioritization of consumer discretionary spending to other areas such as travel, leisure and entertainment, which are having a negative knock-on effect on technology purchases.
On the other hand, the enterprise-driven markets, such as enterprise networking, enterprise compute, industrial, medical and commercial transportation, have, so far, been relatively resilient despite looming macro-economic slowdown and geopolitical concerns.
“The relative strength in the enterprise-driven markets comes from strategic investments by corporations that are looking to strengthen their infrastructure to continue supporting their work from home workforce, business expansion plans and ongoing digitalization strategies,” experts reveal.
For the remainder of 2022, the memory market is witnessing faltering demand, swollen inventories and customers pressing for considerably lower prices. As a result, the memory market will remain flat in 2022 and is forecast to decline 16.2% in revenue in 2023.
The worsening economic outlook is negatively impacting smartphone, PC and consumer electronics production which is positioning the DRAM market for oversupply for the remainder of 2022 and the first three quarters of 2023. Gartner analysts foresee DRAM revenue to decrease 2.6% to reach $90.5 billion in 2022 and will further decline 18% in 2023, to t
Technology video | 125 views
Worldwide wearable band shipments dropped to four percent to 41.7 million units in Q1 2022, as per the estimate of Canalys. At the same time, the shift from bands to watches continues. Wristwatches, consisting of basic watches and smartwatches, accounted for 76.6% of all wearable band shipments in the quarter, growth of 15% to 32.0 million units. Basic bands suffered a 37% decline, a sixth consecutive fall since Q4 2020. Basic band shipments dipped below 10 million for the first time after peaking at 27.9 million in Q4 2019. The increase in watch shipments helped offset the basic band drop but still resulted in a decline in the overall wearable band market. The rise of basic watches accelerated the shift from bands to watches. Basic watches run rudimentary real-time operating systems but lack support for third-party apps, as opposed to smartwatches, which run fully-fledged operating systems with third-party app support. “Consumers are favoring watches over bands. With bigger displays, richer features and longer battery life, they believe watches are better able to fulfill their health-tracking and digital lifestyle needs. “Basic watches are positioned as an affordable step-up from basic bands, suitable for price-conscious consumers with growing expectations as to what wearables can do.”
The consumer survey report states that, the survey conducted in April 2022, out of 4,000 respondents from four Western European markets, 34% said they intended to buy a smartwatch in the next 12 months, against 17% who would choose a fitness band. Smartwatches stood out as the most popular companion device to smartphones for Western European consumers. The future consumer demand will shift away from basic bands to watches, potentially affecting vendors such as Xiaomi and Fitbit, which are still shipping basic bands in significant numbers. Apple maintained its lead in the wristwatch segment, driven by strong demand for the Watch Series 7. “Despite growing 53%, Samsung was bea
Technology video | 238 views
As per Gartner, this marks the largest quarterly shipment decline since Gartner began tracking the PC market in the mid-1990s. For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2% decrease from 2021 due to recession fears and increased inflation.
Experts feel since many consumers already have relatively new PCs that were purchased during the pandemic, a lack of affordability is superseding any motivation to buy, causing consumer PC demand to drop to its lowest level in years.
At the same time, the enterprise PC market is also being impacted by a slowing economy and at the same time, the PC demand among enterprises began declining in the third quarter of 2022, but the market has now shifted from softness to deterioration. Enterprise buyers are extending PC lifecycles and delaying purchases, meaning the business market will likely not return to growth until 2024.
While Lenovo maintained 24% market share at the top, the company experienced its steepest decline. Lenovo's shipments fell in all regions except in Japan, declining over 30% in EMEA and Latin America.
HP and Dell also experienced historically steep declines. HP was hit hardest in the EMEA market, where shipments decreased 44 per cent year-over-year. For Dell, weak demand in the large business market impacted shipments in the second half of 2022.
The Asia-Pacific market excluding Japan declined 29.4% year-over-year, mainly due to the market in China. The PC industry experienced very unusual ups and downs over the past 11 years. After the extraordinary growth period between 2020 and 2021 due to the pandemic, the market has clearly begun a downward trend which will continue until the beginning of 2024, say experts of Gartner.
Today's Headline in NewsHours
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2:40 #Google says CCI’s orders “Strike a Blow” for digital adoption
3:07 #Bigtech concerned about Microsoft getting unfair advantage by Activision d
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Falling demand is causing great concern for the entire smartphone supply chain. While component supplies and cost pressures are easing, a few concerns remain within logistics and production, such as some emerging markets’ tightening import laws and customs procedures delaying shipments. Deep collaboration with channels to monitor the state of inventory and supply will be vital for vendors to identify short-term opportunities while maintaining healthy channel partnerships in the long run.
The global smartphone shipments fell by 17 per cent (year on year) in Q4 2022, with entire 2022 shipments declining by 11 per cent to fewer than 1.2 billion, a new report has shown. Despite shrinking demand and manufacturing issues in China’s Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, as per Canalys.
At the same time, Samsung took the number one spot in the fourth quarter for the first time since Q3 2017, shipping 6.7 million units for a market share of 21 per cent. The second place went to vivo, which shipped 6.4 million units, mainly via offline channels. India was better positioned to weather the global downturn than other markets. But domestic consumer spending cooled in the last few months of 2022.
Even during the festive season, the domestic market suffered a fall in transactions, retail spending and electronic imports. In 2022, consumers already had up-to-date technology that they had bought during the pandemic, thereby delaying further purchases. This led to smartphone brands struggling with inventory management because demand was subdued, say analysts.
The Indian economy started to feel the impact of the global economic slowdown toward the end of 2022. We are entering 2023 with economic indicators suggesting a sluggish performance in the short term.
But, in 2024, India is set to hold its general election and the government's strategy will be to boost con
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Global smartphone shipments dipped 17% in Q4 #shorts
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US imposes $300 Million penalty on Seagate over Huawei shipments #shorts
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