April 25, 2024

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PC sales suffered their biggest global drop in nine years, partly to blame for cryptocurrencies

PC sales suffered their biggest global drop in nine years, partly to blame for cryptocurrencies

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Before the COVID-19 pandemic, the tech industry was experiencing a boom that was hampered by lengthy quarantines during the global crisis. this is because of the closure From various factories and warehouses in countries where the basic parts for creating, for example, video game consoles or computers are produced.

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Something that still maintains low numbers that do not allow a recovery in the sector, in fact there was a sharp decline worldwide in the second quarter of 2022 in the computer market. According to market reports from research firms IDC and Gartner, 12% to 15% fewer PCs were sold compared to the first quarter of the year.

According to the document, this will be the biggest drop in sales of the global PC market in the past nine years.

This decline is clearly due in part to cryptocurrency mining because, as many know, large amounts of high-end video cards are needed for this type of operation.

Something that has led to there is still a shortage of this type of basic hardware for computers, even during the fall of these cryptocurrencies. Therefore, this decrease in inventory also leads to higher prices for GPUs, and therefore, this also leads to higher prices for computers, which according to analysts do not adapt to the reality of their production costs.

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In any case, this drop in sales in the global market should not generate many alarms because the recovery that the sector had before the pandemic left very high numbers, so this low statistic can be considered as a return to normal.

Without going any further, the numbers are not far from the 74.3 million obtained in the second quarter of 2020 and still well above the 62.1 million and 65.1 million PCs sold in the second quarter of 2018. and 2019 respectively.

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