Micron chief government 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 isn’t like something is falling off the cliff,” Mehrotra mentioned in an interview on “Mad Cash.”
“Sure, whereas shopper PCs these days will not be experiencing the identical form of development 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 mentioned in April that it estimates shipments of PCs slid 7.3% from a yr earlier. Canalys famous a 3% dip in shipments throughout 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 development in 20 years throughout the first quarter of 2021 and noticed a 15% development 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 mentioned. “What’s essential is, general handsets … continues to be a big market,” he added.
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