Due to the Success of M1 MacBook Shipments, Apple was the only PC Vendor in Q1 to have delivered Growth
Prior to Apple's Financial Results for Q2 2022 Conference Call this afternoon, an analytical report covering Global PC Shipments for Q1 2022 shows that Apple was the only major PC vendor that showed growth. More specifically, Apple continued its success with the M1 MacBook series to see 8% YoY shipment growth in Q1 2022, which boosted its market share by 100 bps YoY.
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Overall, global PC shipments fell 4.3% YoY in Q1 2022 to reach 78.7 million units, according to Counterpoint Research Global PC tracker. Entering 2022, the PC supply chain experienced easing component shortages and logistics issues compared to the second half of 2021. Order backlog from 2021 continued to contribute substantially to PC shipments in the beginning of 2022. This supports our previous view of another PC shipment plateau in 2022.
Counterpoint's checks suggest the PC supply chain turned relatively conservative on shipment outlook in the middle of Q1 2022, largely dragged by global inflation and regional conflict, which brought uncertainties to PC demand and blurred the overall PC shipment momentum ahead. The overall PC shipments in 2022 are expected to be shy of our forecasts made at the end of 2021.
In addition, COVID-19 lockdowns in China, especially in Shanghai and Kunshan, where many laptop manufacturing lines are located, will cause shipment correction in April. Compared to OEMs, ODMs currently face more issues related to manufacturing resource allocation than component shortage impacts. For more, read the full Counterpoint report.