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Chronicles

The story behind the story

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Sales of PCs, laptops, and tablets fell 13% in Q1; reaching lowest point since 2011

The consumer electronics industry was dealt another punch in the face during the first three months of this year.  —  According to the latest report from market research firm Canalys, shipments of PC devices …

VentureBeat Chris O'Brien

Context & Ripple Effects

This lands mid-slide rather than at its start: Gartner had already flagged an 8.3% drop in Q4 2015 with Apple the lone top-five grower, and weeks ago counted the first sub-65M-unit quarter since 2007, with Asus and Apple the only top-five vendors expanding. What Canalys adds today is the wider lens — folding laptops and tablets into one count pushes the decline to 13% and drags the whole personal-computing category back to 2011 shipment levels.

That matters because the tablet, once pitched as the growth offset to a fading PC business, is now part of the contraction itself — the combined-device frame erases the story vendors were telling about category diversification.

First-order effects

  • Windows-volume OEMs are losing share of a shrinking pie: against Gartner's parallel Q1 count showing Asus and Apple as the only top-five growers, every other major vendor is selling fewer units into a market at its lowest since 2011.
  • Apple extends its outlier run — after being the sole top-five grower in Q4 2015, it again outperformed in the Q1 data — putting direct margin and share pressure on rivals dependent on low-cost volume.

Second-order effects

  • The spread between trackers — Gartner at -9.6% versus Canalys at -13% — makes the definition of a 'PC' versus a tablet or hybrid a live commercial question, since each percentage point of the count shapes how vendors benchmark themselves and brief investors.
  • Channel partners and component suppliers priced against unit volume face a smaller addressable base, pushing competition toward the premium segments where the two growing vendors sit.

Third-order effects

The trend: Personal computing is settling into a replacement-cycle market in which tablets no longer offset PC declines but compound them, leaving premium incumbents to take share from volume vendors.