Post-pandemic PC crash (2022-2023)
PC shipments fell 28.2% in Q4 2022 and 28.7% in Q1 2023 as pandemic-era demand evaporated and excess inventory piled up. The market had boomed during remote work, then collapsed when people returned to offices.
Vendors cut production and cleared inventory through discounts.
The market stabilized at a lower baseline, with shipments settling below pandemic peaks.
The 2022-2023 crash came from excess inventory, while the 2026 decline comes from supply constraints and high prices. Both show how quickly PC demand can collapse.
