IDC analysts noted a volume decline below 69 million units represents the lowest recorded volume since the first quarter of 2009.
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Analysts attributed a dimmer 2015 outlook to "economic and product changes," which "will create a head wind in the short term."
The PC market in the Asia-Pacific region continued to contract during 2014, but not as dramatically as it did in 2013, according to market analysis firm IDC.
The fourth quarter also gave way to the biggest market share difference between Lenovo and its routine closest competitor in second place, Hewlett-Packard.
There was also a shuffle on the leaderboard with Apple moving up into the top five vendors worldwide.
Several recent forecasts have hinted at comebacks for the PC industry, but the latest IDC forecast maintains a much more conservative outlook.
UPDATED: IDC figures aren't quite as hopeful as Gartner's latest pulse check on the PC industry.
The convertible device market that is expected to carry the PC market will remain flat in terms of market share through 2018, according to IDC.
The New Zealand PC market saw a 22 percent surge for the first quarter of this year, compared to the same period last year, recording the sale of 175,800 units for the quarter, according to IT market analysis firm, IDC.
The global market research firm adjusted its outlook for PC shipment declines toward the positive end of the spectrum -- but just by a smidge.
The global market intelligence firm described 2013's PC industry slump as "the most severe contraction on record."
The region marks its first annual double digit drop, dragged down by economic sluggishness in big emerging Asian markets, according to the research firm. Even top vendor Lenovo could not escape a slump in China.
But analysts warned that this report should not be construed as a comeback for the global PC industry.
IDC expects worldwide PC shipments to decline even further than first thought, partly in due to a PC market decline but also a further expansion in tablet and smartphone sales.
UPDATED: The IDC has also chimed in on the global PC market as well as the Lenovo-HP battle.
Tablet shipments are expected to surge and run far ahead of the humble PC due to inexpensive variants and changing consumer demand.
It's not looking good for the traditional computer. Plus, figures from Gartner.
Slow sales in China have prompted IDC to reduce its first-quarter sales forecast by almost 2 percentage points. However, in the longer term, the PC market should be sustained by businesses upgrading from Windows XP.
IDC predicts that worldwide PC shipments could fall by "double digits" — more than previously expected — as a result of a weak Chinese market.
Tablets are still held accountable for luring consumers away from traditional desktop and laptop PCs, according to the IDC.
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