Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

  • China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner.
  • Earlier this month, Advanced Micro Devices, Inc AMD warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain market share amid odds.
  • Shipments to China, the leading smartphone market, will likely shrink by 18% due to the COVID-19 curbs that halted activity in key economic hubs, including Shanghai.
  • Gartner sees a 7% decline in global smartphone shipments (higher than the previous estimate of 2.2%), reflecting the impact of the supply chain crisis and the Russia-Ukraine conflict on demand.
  • Gartner expects global computer shipments to drop 9.5% in 2022. 
  • Lenovo Group Ltd LNVGYHP Inc HPQ, and Dell Technologies Inc DELL feature among the top three PC makers.
  • The demand softness will weigh on companies ranging from Nvidia Corp NVDA to Apple Inc AAPL and Microsoft Corp MSFT, likely to report second-quarter earnings starting July.
  • The smartphone and PC market immensely gained from the pandemic, which forced the world to stay home and work, study, shop, and pursue recreational activities online.

Posted In: BriefsNewsTechMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.