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:

Shanghai Mobile Cheers For Olympic Torch Relay With Shanghai Cancer Recovery Club

May 28, 2008

Internet Protocol TV (IPTV) Market Size & Analysis By 2022 -2029 -AT&T, China Telecom, Deutsche Telekom, Orange, Verizon, British Telecom, CenturyLink, Etisalat, Frontier Communications, Iliad, Neuf Cegetel, NTT Communications, PCCW, UTStarcom

May 24, 2022

China's COVID-19 surge raises odds of new coronavirus variants

December 25, 2022

Sources: Chinese Brands Have Cut Their Smartphone Shipments To Russia In Half Since Russia's Invasion Of Ukraine Because Of The Ruble's Collapse And Sanctions (Financial Times) WorldNewsEra

March 12, 2022

Bitmain stops shipment of Antminer crypto mining rigs into China

October 11, 2021

Five HK Broadband Internet Service Providers Make Service Performance Pledges

January 22, 2008

China Can't Seem to Stop Bitcoin Mining BitCoinBBS

May 27, 2022

Jiangmin: Green Dam Has Security Hole

June 17, 2009

Asian shares mostly lower after tech-led fall on Wall Street

December 28, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter