The state of the PC market worsened in the fourth quarter of 2022. While global shipments plunged 19.5% year over year in the third quarter, according to Gartner, Q4 saw a larger 28.5% drop from the prior-year period. That's the largest quarterly decline Gartner has ever recorded since it's been tracking shipment figures.

HP (NYSE: HPQ) managed to maintain its market share, claiming 20.2% of global shipments and securing the No. 2 spot behind Lenovo. But the company shipped just 13.2 million PCs in Q4, the worst performance for the company since at least 2007.

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Source Fool.com