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Gartner: Global PC shipments fell 8.3% in Q4 2015, Apple only company in top 5 to see growth

The PC market ended its poor year with another negative quarter.  Both Gartner and IDC agreed: PC shipments were down globally, again.  —  Gartner estimated worldwide PC shipments fell 8.3 percent to 75.7 million units in Q4 2015.

VentureBeat Emil Protalinski

Context & Ripple Effects

Q4 2015 closes a year that had already produced the sharpest PC shipment decline in nearly two years back in Q2, when Gartner and IDC diverged on just how bad it was. This quarter both firms agree on direction again: Gartner puts the drop at 8.3% to 75.7 million units, with Apple the lone grower among the top five.

The next data point extends the slide — Q1 2016 becomes the first quarter below 65 million units since 2007, with Asus and Apple again the only top-five gainers. And the long view cuts both ways for Apple: by Q3 2023 it is the steepest decliner in the top five while HP grows, showing how little these single-quarter rankings predict.

First-order effects

  • Apple takes share from the other four top-five vendors in a shrinking market — its growth against an 8.3% industry decline means volume is consolidating toward it this quarter.
  • Gartner and IDC agreeing on the decline removes the measurement dispute that marked earlier quarters, giving vendors and suppliers a firmer read on demand.

Second-order effects

  • The remaining top-five vendors are forced to compete harder for a smaller installed base, pushing the contest toward pricing and refresh cycles rather than riding overall market growth.
  • Apple's counter-cyclical quarter pressures rivals' premium segments specifically, since the one vendor gaining is the one positioned at the high end.

Third-order effects

  • The 2015–2016 sequence of consecutive double-digit-rate declines points to a structurally smaller PC market, with shipments never returning to pre-2015 levels in the covered record.
  • Leadership within the top five rotates rather than locks in — Apple's 2015–2016 outperformance reverses by 2023 — suggesting vendor share in a declining market is driven by product cycles, not durable position.

The trend: The PC market's multi-year contraction rewards whichever top-five vendor hits its product cycle right each quarter, with leadership rotating between Apple and HP as the overall pie keeps shrinking.