{"id":13441,"date":"2022-05-13T05:14:00","date_gmt":"2022-05-13T05:14:00","guid":{"rendered":"https:\/\/harchi90.com\/enterprise-and-desktop-pcs-still-a-healthy-market-as-personal-pcs-see-slowdown-says-micron-ceo\/"},"modified":"2022-05-13T05:14:00","modified_gmt":"2022-05-13T05:14:00","slug":"enterprise-and-desktop-pcs-still-a-healthy-market-as-personal-pcs-see-slowdown-says-micron-ceo","status":"publish","type":"post","link":"https:\/\/harchi90.com\/enterprise-and-desktop-pcs-still-a-healthy-market-as-personal-pcs-see-slowdown-says-micron-ceo\/","title":{"rendered":"Enterprise and desktop PCs still ‘a healthy market’ as personal PCs see slowdown, says Micron CEO"},"content":{"rendered":"
<\/p>\n
\n

Micron chief executive Sanjay Mehrotra told CNBC’s Jim Cramer on Thursday that the market for enterprise and desktop PCs remains healthy despite the personal PCs market experiencing a slowdown.<\/p>\n

“It’s not like anything is falling off the cliff,” Mehrotra said in an interview on “Mad Money.”<\/p>\n

“Yes, while consumer PCs lately are not experiencing the same kind of growth where they experienced in [the] last two years\u2026 enterprise PCs and desktop PCs continue to be a healthy market, “he added.<\/p>\n

As people return to the office and to in-person learning this year, PC sales have receded. Gartner said in April that it estimates shipments of PCs slid 7.3% from a year earlier. Canalys noted a 3% dip in shipments during the first three months of this year.<\/p>\n

The losses come after 2021 saw a huge boom in the PC market – PC sales experienced its fastest growth in 20 years during the first quarter of 2021 and saw a 15% growth overall that year.<\/p>\n

The Micron CEO also chimed in on handsets, which he says have seen stabilized growth but also remain healthy.<\/p>\n

“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 said.” What is important is, overall handsets\u2026 continues to be a large market, “he added.<\/p>\n

Sign up now<\/em> for the CNBC Investing Club to follow Jim Cramer’s every move in the market.<\/em><\/p>\n

Disclaimer<\/p>\n

\n

Questions for Cramer?
Call Cramer: 1-800-743-CNBC<\/p>\n

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money Twitter<\/a> – Jim Cramer Twitter<\/a> – Facebook – Instagram<\/p>\n

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com<\/p>\n<\/div>\n<\/div>\n<\/div>\n