Global LCD Monitor Shipment Levels Experience 7.4% QoQ Decline in 1Q23, Signs of Recovery Sighted in Q2
TrendForce reports that in the first quarter of 2023, global shipments of LCD monitors fell 7.4% QoQ to 28.8 million units, marking a YoY decline of 20.5%. Major brands, including Dell, HP, and Lenovo, experienced significant drops in shipment levels, falling by 15.6%, 22.8%, and 19.2% respectively.
On the other hand, several consumer brands saw quarterly growth in their shipments in the first quarter, primarily due to channels replenishing their inventories in March. Among these brands, AOC/Philips stood out, benefiting greatly from demand in the Chinese consumer market. Their shipments not only grew 10.9% QoQ but also increased 3.3% compared to the first quarter of 2022.
On the other hand, several consumer brands saw quarterly growth in their shipments in the first quarter, primarily due to channels replenishing their inventories in March. Among these brands, AOC/Philips stood out, benefiting greatly from demand in the Chinese consumer market. Their shipments not only grew 10.9% QoQ but also increased 3.3% compared to the first quarter of 2022.