‘Less ugly’ PC market could turn around by end of year as AMD and Intel shed inventory: analyst

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After record PC sales driven by the COVID-19 pandemic led to an oversupply of chips, one analyst expects a return to normal by the end of 2023.

After the COVID-19 pandemic drove record sales of personal computers only to lead to oversupply of semiconductors in stacked inventory channels, one analyst expects a return to normal by the end of the year.

“PC shipments, while ‘weak’, seem to be normalizing at pre-COVID levels, thus the historic declines only look bad in comparison to the pandemic dynamics,” Rasgon said. Recently, declining MacBook AAPL sales led the worst drop in notebook and PC sales ever recorded, with shipments at PC makers Lenovo Group Ltd. 992 , Dell Technologies Inc. DELL , HP Inc. HPQ and Asustek 2357 also falling.

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