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Indian PC shipments down 15% in CY16 due to demonetization & low demand: IDC

The Indian PC industry shipped at 8.58 million units during the calendar year 2016 (CY16), which is a drop of 15.2% when compared to CY15, research firm IDC said in a report. According to the firm, the overall PC market India posted a slower growth in 2016 due to: -Lower consumer demand that couldn’t keep up with a supply of high inventory during the first half of 2016. The demand, however, increased during June due to seasonal and festive influences. -Demonization impacted both online and offline retails sales in Q3 2016. IDC hat cut down sales forecast by 3-5% during the last quarter. Additionally, PC shipments in the consumer segment were expected to drop 33% in Q4 2016. PC shipments declined 23% QoQ in Q4 2016 During the quarter ended December 31st, 2016 (Q4 2016), the Indian PC market shipped…

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