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Enterprise and desktop PCs nonetheless ‘a wholesome market’ as private PCs see slowdown, says Micron CEO

Micron chief govt Sanjay Mehrotra informed CNBC’s Jim Cramer on Thursday that the marketplace for enterprise and desktop PCs stays wholesome regardless of the non-public PCs market experiencing a slowdown.

“It is not like something is falling off the cliff,” Mehrotra stated in an interview on “Mad Cash.”

“Sure, whereas client PCs currently should not experiencing the identical sort of progress the place they skilled in [the] final two years … enterprise PCs and desktop PCs proceed to be a wholesome market,” he added.

As individuals return to the workplace and to in-person studying this yr, PC gross sales have receded. Gartner stated in April that it estimates shipments of PCs slid 7.3% from a yr earlier. Canalys famous a 3% dip in shipments through the first three months of this yr.

The losses come after 2021 noticed an enormous growth within the PC market – PC gross sales skilled its quickest progress in 20 years through the first quarter of 2021 and noticed a 15% progress general that yr.

The Micron CEO additionally chimed in on handsets.

“With respect to handsets, in China, with sure smartphone producers, their finish demand on account of Covid lockdowns is considerably weak. So some stock changes by sure handset producers in China [have been made],” he stated. “What’s vital is, general handsets … continues to be a big market,” he added.

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