Overview

• Mac shipments grew 14.1% year-over-year in Q1 2025, driven by strong consumer demand, outpacing the growth of major PC manufacturers.
• Global PC shipments increased 9.4% as manufacturers expedited deliveries to the U.S. to avoid the impact of President Trump's new tariffs, including a 104% duty on Chinese goods.
• Analysts predict a slowdown in shipments for the remainder of 2025 as inventory levels normalize and inflationary pressures from tariffs take hold.
• Major PC makers like Lenovo, HP, and Dell reported varied growth rates, with Lenovo maintaining its market lead by shipping 15.2 million units in the quarter.
• To mitigate rising costs, manufacturers are expected to shift U.S.-bound production out of China by the end of 2025, with Vietnam, Thailand, and India emerging as alternative manufacturing hubs.