Publication date: 12 Mar 2023
Philippines PC Market Shrank in 4Q22 as Weakening Demand Persisted, Says IDC
MANILA, March 13, 2023 — The Philippines PC market decreased by 18.5% quarter over quarter (QoQ) and fell by 48.9% year over year (YoY) sitting at 464,000 units in 4Q22, according to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
"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," said Jeeno Velasco, Associate Market Analyst, IDC Philippines.
The commercial space hasn't recovered as the government and enterprise sectors weakened by 44.7% and 25.2% QoQ, respectively. The national government hasn't announced any major plans involving information technology spending, while the enterprise segment is more reluctant to procure more units due to its negative financial outlook.
"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," added Velasco.
To know more about the IDC Worldwide Quarterly Personal Computing Device Tracker, please contact Jeeno Velasco at firstname.lastname@example.org. For press inquiries, please contact Fenny Tjandradinata at email@example.com or Jane Yap at firstname.lastname@example.org.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and online query tools.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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