India’s personal computer market experienced a 4% year-on-year increase in Q4 2023, driven by a 27% surge in desktop shipments. HP leads with 33.1% market share, followed by Lenovo, Acer, Dell, and Apple. High inventory levels affected the market due to import restriction fears. Notebooks grew modestly by 3%, while tablets dipped by 9%. Despite the quarterly rise, overall PC shipments for 2023 fell by 11%. Canalys predicts a significant rebound in 2024, led by tablets with a projected 24% increase. AI-capable PCs and locally manufactured devices are expected to drive growth, supported by government initiatives like PLI 2.0.
India’s PC Market Sees Q4 2023 Growth Despite Overall Yearly Decline
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