Solid growth in PC market, but uncertainty due to tariffs and inflation

From Nasdaq: 2025-04-09 10:16:00

The global PC market saw a 4.9% year-over-year increase in first-quarter shipments to 63.2 million units, marking the sixth consecutive quarter of growth. However, uncertainty looms due to U.S. tariff policies, inflation, and shifting upgrade cycles. Commercial demand remains strong, driven by Windows 10 support end and AI capabilities in PCs.

Top vendors like Lenovo, HP Inc., and Dell saw modest growth, while Apple’s shipments surged by 14.1% year over year. ASUS also showed significant growth. The industry faces uncertainty and cost increases due to new tariffs, potentially leading to delayed purchases and weakened demand in the future.

Despite a strong start in 2025, the PC market faces instability and uncertainty. Pre-tariff stockpiling inflated first-quarter numbers, casting doubt on the rest of the year. Investors should brace for heightened volatility as tariffs take effect, potentially impacting consumer and enterprise buyers. HP, Dell, and Lenovo hold a Zacks Rank #3 (Hold), while Apple has a Zacks Rank #4 (Sell).



Read more at Nasdaq: PC Market Starts 2025 With Solid Growth, Tariff Turbulence Looms