It is no secret that the PC business and tech industry at large is
going through a
bit of a
rough patch. However, a new report penned by Dean McCarron of
Mercury Research paints an incredibly bleak picture of the state of things. Probably the biggest bombshell is that figures show the x86 processor market has just endured “the largest on-quarter and on-year declines in our 30-year history.” Based on previously published third-party data, McCarron is also reasonably sure that the 2022 Q4 and full-year numbers represent the worst downturn in PC processor history.
The x86 processor downturn observed has been precipitated by the terrible twosome of lower demand and an inventory correction. This menacing pincer movement has resulted in 2022 unit shipments of 374 million processors (excluding ARM), a figure 21% lower than in 2021. Revenues were $65 billion, down 19 percent YoY. McCarron shines a glimmer of light in the wake of this gloom,
reminding us that overall processor revenue was still higher in 2022 than any year before the 2020s began.