The Philippines' PC market shrank in the last quarter of 2022 due to continuing weak demand, the International Data Corporation reported.
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, IDC Philippines Associate Market Analyst Jeeno Velasco said.
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 companies, Velasco explained.
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