PC Sales Continue Surging — And That’s Good News for Intel, AMD and Others

PC sales remain on the upswing thanks to purchases made to support remote workers and learners. And it looks as if there’s still a lot of pent-up demand going into the holiday season.

Research firm IDC estimates PC shipments rose 14.6% annually in Q3 to 81.3 million. That compares with 11.2% shipment growth in Q2, and just 2.7% growth in 2019.

Officially, Gartner estimates PC shipments rose just 3.6% to 71.4 million. However, when including Chromebook sales (counted in IDC’s official estimate), Gartner’s estimate for shipment growth rises to 9%.

Along with Chromebooks, Q3 was a strong quarter for gaming PCs and (in certain cases) notebooks with cellular modems, according to IDC. On the flip side, desktop demand was said to be weak in the U.S. and EMEA. Desktop PC sales depend heavily on purchases made to support corporate offices, many of which are of course empty right now.

Demand for gaming products has been strong pretty much across the board in recent months: In September, supplies of graphics cards based on Nvidia’s  (NVDA) – Get Report new GeForce RTX 3080 and 3090 gaming GPUs quickly sold out at major retailers, and Sony  (SNE) – Get Report and Microsoft  (MSFT) – Get Report both saw strong pre-orders for their next-gen consoles.

Between them, top-3 PC OEMs Lenovo, HP  (HPQ) – Get Report and Dell Technologies  (DELL) – Get Report accounted for 61.5% of Q3 shipments, per IDC. Lenovo and HP’s shipments were each estimated to be up more than 11%, while Dell’s shipments, which skew heavily towards corporate buyers, were estimated to have dropped slightly.

Apple  (AAPL) – Get Report, whose Mac revenue rose 22% annually during its June quarter, was estimated to have an 8.5% unit

Thinkific Raises $22M to Meet Surging Demand in Online Courses

  • Revenue generated by Thinkific course creators surpassed half a billion dollars and is expected to top 1.5 billion dollars in 2021

  • 50,000 course creators use Thinkific to educate over 25 million people

  • Thinkific is experiencing close to 150% year-over-year revenue growth

Thinkific, the leading platform for creating and selling online courses, today announced it has closed $22M in growth financing. The round was led by Vancouver-based Rhino Ventures, who were early investors in the company, and brings the total raised to date to $25M.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005148/en/

Thinkific, the leading platform for creating and selling online courses (Photo: Business Wire)

Thinkific has been profitable since 2018 yet chose to raise additional funding to accelerate product innovation and continue shaping the future of online courses. “Thinkific is changing the face of digital commerce by empowering every entrepreneur and business to earn revenue and make a meaningful impact teaching what they know,” said Greg Smith, co-founder & CEO of Thinkific. Thinkific is also tripling its workforce, hiring an additional 350 team members over the next 18 months.

The financing comes at a time when the online course market (forecasted in 2019 to be worth $350B by 2025) has rapidly accelerated due to the Covid-19 pandemic. Since March, Thinkific has seen a 200% increase in online courses being created on its platform. Online training is skyrocketing across every industry – from solo-preneurs teaching guitar fundamentals, business coaching, and fitness training, to large organizations like commerce platform, Shopify, and social media platform, Hootsuite, who use Thinkific to teach their customers about entrepreneurship and social media.

“Despite the challenges of Covid-19, we’re seeing entrepreneurs use Thinkific to not only survive, but truly thrive,” said Greg. “Even before the pandemic hit, we were witnessing significant growth, but we’ve