In recent months, Wall Street and industry executives have been optimistic that with the advent of AI PCs and the exit of Microsoft Windows 10 in 2025, PCs will gradually improve this year. However, judging from various signs, the demand recovery that the market is looking forward to has not yet arrived, and the take-off is later than expected, and the bottoming period may have to drag on for a while.
In the first quarter of the 2024 fiscal year (as of January 2024), the main products are notebook computers and PCs, and the revenue of the personal systems division (Personal Systems) was $8.8 billion, down 4% year-on-year, which was lower than the average Wall Street expectation of 92$800 million.
Enrique Lores, CEO of HP, admitted in an interview that AI PC has limited boost to the results of the 2024 fiscal year, and it will not have a more obvious impact until the year.
According to the financial report released by Best Buy, the largest consumer electronics retailer in the United States, on February 29, in the fourth quarter of the 2024 fiscal year (as of February 3, 2024), the purchase of mobile phones and tablets was not as good as the same period last year, and global same-store sales (including online stores and stores that have been open for more than 14 months) decreased by 4% year-on-year8%。
In addition,Intel, the world's largest CPU maker, released a pessimistic outlook in January, forecasting revenue in the first quarter of 2024 to be between $12.2 billion and $13.2 billion, well below the average Wall Street forecast of 142$500 million, revealing a conservative signal.
John Vinh, an analyst at Keybanc Capital Markets, wrote in a Feb. 29 note: With the weak trend in Q4 continuing into early 2024, the PC recovery scenario still appears shaky. 」