Acer, a Taiwanese computer manufacturer, reported that personal computer demand is rebounding.

Since May, we have seen a rise in demand since the bottom was reached. “We’ve already seen year-over-year growth in Q3,” said CEO Jason Chen.

Acer’s notebook revenue grew 19.4% from the previous quarter, while its desktop revenue grew 27.8%.

According to Canalys, Acer is the world’s fifth-largest PC manufacturer. With 22.9%, Lenovo leads HP (21.6%), Dell (16.6%) and Apple (11%).

According to Canalys data, shipments of desktops and notebooks dropped 11.5% year-on-year to 62.1 million units in the second quarter. Shipments declined over 30% in the last two quarters.

The Covid-19 pandemic fueled remote working and home-based learning, which in turn fueled demand for desktops, laptops, and notebooks. Global PC shipments declined sharply in the first quarter of 2022, ending the boom in PC sales.

Consumers reined in spending due to an uncertain economic environment, with hiking interest rates and rising inflation.

Laptops, desktops and tablets are among Acer’s PC and non-PC products. It also manufactures monitors, smart devices, electric bikes, and scooters. Acer’s primary manufacturing base is in China, but it also produces in Southeast Asia, Taiwan, Japan, Korea, and India.

Our PC business, along with the display and monitor business, contributes about two-thirds of our revenue. In the future, we believe that the non-PC area will go all the way up to one-third and maybe beyond,” Chen said in an interview.