Time for today's Tech Check. The topic today, demand for computers and the chips that go inside. I'm

Steve Kovac and Christina Parts of Novellis joining us. Steve, let's start with you and why Apple

is cratering today. Yeah, let's talk about that.

It's about the broader PC demand, though.

It fell dramatically the first quarter of this year.

Now, according to a new report from Research From IDC,

which we've been talking about all day.

The big number in that report,

PC shipments are down 29% year-on-year for the first quarter.

But even worse, it was for Apple, MacSales, down 40% on the quarter even though it launched new Mac's just

this January. Now who knows how much worse that would have been if there's new

models hadn't even come out. Now this is the same trend we've been seeing since last summer guys

PC demand has collapsed after just grown like gangbusters early on in the

pandemic. Apple for example was setting new Mac sales records pretty much every

quarter for nearly two years straight and then

that all came to a screeching halt for example last quarter max sales collapsed

29% year over year and this report impacts other suppliers like Intel and it's a bad sign

for Microsoft's Windows licensing business but Apple is less reliant on PC sales which

is why shares aren't down as much.

The iPhone is still the most important product.

More than 50% of its sales come out of that.

We'll get earnings on May 4th by the way to see if it was able to maintain demand for the iPhone into this year after all

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