IDC: PH PC market shrank in Q4 2022 as weak demand continues

The Philippines' PC market shrank in the last quarter of 2022 due to continuing weak demand, the International Data Corporation (IDC) reported.

Data from IDC

PC market in PH

In a statement, IDC said the country’s PC market decreased by 18.5 percent quarter-on-quarter (QoQ) and fell by 48.9 percent compared to the same period in 2021, sitting at 464,000 units in the last quarter of 2022.

The market declined across notebooks and desktops. Household consumption was largely fulfilled and refocused on other spending activities geared toward the holiday season. Macroeconomic pressures further drove inventory rationalization among vendors, IDC Philippines Associate Market Analyst Jeeno Velasco said.

IDC also pointed out that the private and public sectors weakened by 44.7 percent and 25.2 percent QoQ, respectively. This has affected the commercial space, which has yet to recover, it added.

Demand for desktops and the influx of company workers required to report back to work should have increased shipments for the corporate sector, but this didn't pan out. Economic issues such as rising inflation, higher interest rates, and a looming recession from abroad dampened corporate spending, especially for business process outsourcing (BPO) companies, Velasco explained.

Top 5 PC companies in PH (Q4 2022)

IDC also listed the top five PC companies in the country based on their unit market share in the fourth quarter of last year.

Landing first—and for its 16th consecutive year—is the Acer Group. It accounted for around 20 percent during the said period.

It was followed by Lenovo, HP Inc, ASUS, and Dell Technologies.

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Source: IDC