Micron CEO Sanjay Mehrotra told CNBC’s Jim Kramer on Thursday that the corporate and desktop PC market remains healthy despite the PC market experiencing a slowdown.

“It doesn’t look like anything is falling off a cliff,” Mehrotra said in an interview with Mad Money.

“Yeah, while consumer PCs haven’t been experiencing as much growth in recent times [the] the last two years … corporate and desktop PCs remain a healthy market, ”he added.

As people return to the office this year and study in person, PC sales have declined. In April, Gartner said it estimated PC shipments were down 7.3% from a year earlier. Canalys noted a 3% drop in deliveries in the first three months of this year.

The losses came after a big boom in the PC market in 2021 – in the first quarter of 2021, PC sales were the fastest in 20 years and overall increased by 15% this year.

Micron’s CEO also spoke about phones, the growth of which, he said, has stabilized, but they also remain healthy.

“As for phones, in China, some smartphone manufacturers, their final demand due to the blocking of Covid is somewhat weak. So some adjustments to the inventory of some phone manufacturers in China [have been made]”he said.” The important thing is that in general, telephones … are still a big market, “he added.

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