MANILA, Philippines -Local sales of personal computers (PC) slumped in the last quarter of 2022 as rising consumer prices discouraged spending on big-ticket items, according to the International Data Corp. (IDC).
In its Worldwide Quarterly Personal Computing Device Tracker, IDC showed that the Philippines’ PC market fell by 48.9 percent year-on-year in the last quarter of 2022 to 464,000 units, which include notebooks and desktops.
The top brands were Acer, Lenovo, HP, Asus and Dell Technologies.
“Household consumption was largely fulfilled and refocused on other spending activities geared toward the holiday season,” said Jeeno Velasco, associate market analyst at IDC Philippines.
The enterprise segment also held back on purchasing more PC units as it remained conscious about maintaining a good financial position.
“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,” Velasco said.
“Economic issues such as rising inflation, higher interest rates, and a looming recession from abroad dampened corporate spending,” the analyst explained.