PC shipments climb in Q3, Gartner and IDC report

Research firms Gartner and IDC have released their latest shipment data on the global PC industry, and the numbers are a welcome, positive spin for PC vendors after years of continued decline. 

According to Gartner, PC shipments in the US increased 11.4% in the third quarter of 2020 — the strongest growth in the US in a decade. Worldwide, PC shipments totaled 71.4 million units, an increase of 3.6% year over year. 

In the US, according to Gartner, HP was the top vendor with nearly 30.8% market share, followed by Dell with a 25% market share. The list of top vendors was rounded out by Lenovo, Apple, and Acer.  Gartner’s data includes desk-based PCs, notebook PCs, and ultramobile premiums (such as Microsoft Surface), but not Chromebooks or iPads. 

Nonetheless, Gartner noted that Chromebook shipments grew by roughly 90%, with demand driven by distance learning due to the pandemic, especially in the US market.

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Gartner’s PC shipment totals. 

Mobile PC growth was particularly strong, noted Mikako Kitagawa, research director at Gartner.

“Mobile PC demand in the U.S. market surged as the shift from desktop to mobile PCs became a common practice across public and private businesses, even with many companies partially bringing their workers back to the office,” said Kitagawa. “PC demands in the US were also backed by the gradual economic recovery throughout the quarter, including a rebound in employment and an improved consumer confidence index.”  

IDC analysts found that PC shipments totaled 81.3 million units worldwide during the third quarter, an increase of 14.6% year over year. However, IDC points out that PC vendors entered the quarter with a backlog of unfulfilled orders due to pandemic-related shortages on PC parts and components.

“Consumer demand and institutional demand approached record levels in some cases,” IDC’s Jitesh Ubrani said in a

Coty’s Stock Climb May Not Last

Coty’s stock (NYSE: COTY), while down more than 70% this year, moved up nearly 13.2% over the last 5 days, outperforming the S&P 500. While this might sound exciting, the chances are that the uptrend isn’t going to last. How do we know this? We look at past stock patterns as well as Coty’s underlying financial growth to arrive at this conclusion. Our AI engine analyzes historical price movement to predict near term behavior for a given level of movement in the recent period, and suggests nearly a 30% probability of Coty Inc. dropping -10% over the next 21 trading days. Compared to this, the chances of it rising by 10% during the same time frame are 15%, suggesting that Coty is 2X more likely to fall than it is likely to rise. If we look at the next 3 months, the chances of a -10% decline jump to a significant 50%. Our detailed dashboard highlights the chances of Coty Inc.’ stock rising or falling and should help you understand near-term return probabilities for different levels of movements.

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Let’s take a look at how Coty’s stock has moved. The company’s stock price decreased -76% this year, from $11.13 to $2.65, before moving 13.2% last week, and ending at $3.00. This means that at the beginning of this year, Coty Inc.’s trailing 12 month P/S ratio was 1.33. This figure decreased -67% to 0.43, before ending at