Apple’s PC shipments plunge 40% | Bloomberg News

Apple Inc.’s personal computer shipments declined by 40.5 percent in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory.

The slowdown in consumer spending over the past year has led to double-digit declines in smartphone shipments and an accumulating glut among the world’s foremost memory chip suppliers. Samsung Electronics Co., which provides memory for portable devices as well as desktop and laptop PCs, last week said it’s cutting memory production after reporting its slimmest profit since the 2009 financial crisis.

Looking toward 2024, the IDC researchers foresee a potential rebound for PC makers, driven by a combination of aging hardware that will need to be replaced and an improving global economy.Taiwan Semiconductor Manufacturing Co. missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand.

TSMC has slashed its capital spending plans for this year to a range of $32 billion to $36 billion, down from $36.3 billion last year. Executives said in January that they expect the company’s sales in the first half to decline by a mid-to-high single-digit percentage in US dollar terms, but that business would pick up in the second half.

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