Micron chief govt Sanjay Mehrotra instructed CNBC’s Jim Cramer on Thursday that the marketplace for enterprise and desktop PCs stays wholesome regardless of the private PCs market experiencing a slowdown.
“It’s not like anything is falling off the cliff,” Mehrotra mentioned in an interview on “Mad Money.”
“Yes, while consumer PCs lately are not experiencing the same kind of growth where they experienced in [the] last two years … enterprise PCs and desktop PCs continue to be a healthy market,” he added.
As folks return to the workplace and to in-person studying this 12 months, PC gross sales have receded. Gartner mentioned in April that it estimates shipments of PCs slid 7.3% from a 12 months earlier. Canalys famous a 3% dip in shipments throughout the first three months of this 12 months.
The losses come after 2021 noticed an enormous growth within the PC market – PC gross sales skilled its quickest development in 20 years throughout the first quarter of 2021 and noticed a 15% development general that 12 months.
The Micron CEO additionally chimed in on handsets, which he says have seen stabilized development but additionally stay wholesome.
“With respect to handsets, in China, with certain smartphone manufacturers, their end demand due to Covid lockdowns is somewhat weak. So some inventory adjustments by certain handset manufacturers in China [have been made],” he mentioned. “What is important is, overall handsets … continues to be a large market,” he added.
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