People aren’t buying as many PCs — and Intel is feeling the multibillion-dollar burn
by Sean Hollister from The Verge - All Posts on (#61XT5)
Photo by Amelia Holowaty Krales / The Verge The COVID-19 pandemic made personal computers more important than ever, and sales exploded two years in a row. But the good times for PC and chipmakers now seem to be fading fast. Last quarter's slump in Chromebook sales has made way for an even bigger decline that's hitting Windows manufacturers as well, and today, chipmaker Intel has revealed a 25 percent decline in consumer chip sales. It says that a near-term cyclical slowdown" is shrinking the total market for PCs by approximately 10 percent this year.
Some of our largest customers are reducing inventory levels at a rate not seen in the last decade," Intel CEO Pat Gelsinger said on today's earnings call.
Earlier this month, Gartner reported that the global PC market had already...