The Digital Source For China's Tech Innovation Since 2000

Search
Close

PC Shipments Slow Due to Financial Turmoil

October 17, 2008
Computing

A new report from IDC states worldwide PC shipments struggled to meet expectations in the third quarter of 2008, with companies like China's Lenovo struggling as spending slowed.

According to IDC's Worldwide Quarterly PC Tracker, worldwide shipments were up 15.8% year over year, which was slightly less than projected. Strong results in Europe, Middle East, and Africa helped offset tepid growth in other emerging regions, while the U.S. and Japan held steady.

Ongoing economic pressures in Asia, excluding Japan, were being felt even before the recent financial crisis and kept the region slightly below forecasts for the quarter. But growth remains in the double-digit range, and even if global economic uncertainty further erodes the region in future quarters, domestic demand in key markets like China may keep the momentum going.

Asia-based Acer has remained focused on emerging regions and portables, helping it to claim global shipments of more than 10 million units. Like other vendors, U.S. sales were down but the continued early embrace of ultra low-cost PCs helped Acer maintain strong growth in other regions around the world. Japan's Toshiba reported annual growth of 24%, less than its second quarter 2008 growth.

But Lenovo struggled to gain traction as small business spending slowed. Its worldwide annual growth of 7.7% was helped by solid results from its home turf in Asia, excluding Japan, as well as Europe, Middle East, and Africa, all of which were closer to expectations compared to other regions.

Tags: Acer | Africa | ASIA | Business | China | computer | Economy | Europe | finance | financial | financial crisis | IDC | IT | Japan | Lenovo | Middle East | PC | PCS | report | sales | Toshiba | U.S.

Other Related News:

China Wireless Signs Distributor Agreement With Tsinghua Unis Bitway Networking

October 10, 2003

Energy Source Kaytune is Silver Sponsor for Loyalty & CRM Summit 2012 in Shanghai

July 4, 2012

Global Space Race 2

October 2, 2003

HP Appoints Chinese President For PPS Group

June 13, 2012

Quanta Receives Apple's iPhone Order?

June 1, 2007

China's CBC Publishes Charging Standards For CMMB

November 27, 2009

Shenzhen Zhongtian Obtains Mobile Phone Manufacturing License

July 18, 2005

Broadcast and digital coverage to bring all the action from Beijing 2022 Paralympic Winter Games to audiences across Canada, March 4-13

March 3, 2022

CIBC Asset Management Inc Has $81.78 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

October 23, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....