Apple's PC Shipments Slide 40% as Demand Slows

The IDC's latest report highlights a significant decline in the PC market, with shipments dropping 29% in Q1, reaching levels below early 2019. Apple experienced the most substantial decline, with shipments down over 40%, compared to 30% for Lenovo and 24% for HP. This downturn is attributed to the fading demand surge from remote work during the pandemic and broader consumer spending pullbacks. Despite the decline, Apple's Mac line is not its primary revenue source, contributing only 10% in 2022 compared to 52% from iPhones. The slowdown in electronics demand is also affecting the smartphone market, impacting Apple and its peers negatively.

What impact did remote work have on PC demand during the pandemic?

What percentage of Apple's revenue in 2022 was made up by Mac sales?