Another part is that nowadays, a phone can do the functions of a PC, and
A wristwatch can do the functions of a phone.
The biggest part?
Inflation, looming unemployment, large amounts of personal debt, and fear of recessions along with loss of trust in government all lead to lowered spending on optional goods, especially fairly durable ones.
#25 When the internet stops working as it did last week for a bit I just plugged in my keyboard and mouse and monitor to this. It requires no power cord:
USB C Laptop Docking Station
https://www.amazon.com/gp/product/B07MC76BBP/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1
I can open a web browser and get online using the phone connection.