HP No Longer World’s Top PC Maker?

Research firm says Lenovo now is the globe's top shipper

   

HP No Longer World’s Top PC Maker?

It’s been a long run at the top for Hewlett-Packard (NYSE:HPQ). But the run might be over.

Depending on which research firm you believe Lenovo (PINK:LNVGY) might have passed HP as the leading shipper of PCs in the world.

Research firm Gartner now estimates that Lenovo held a 15.7% market share of the global PC market in the third quarter, while HP held a just-behind 15.5%, reports the Associated Press. However, Interactive Data flipped the rankings, giving HP a 15.9% share and Lenovo 15.7%. Dell (NASDAQ:DELL) and Acer were in third and fourth place, respectively. Either way, Lenovo has closed the gap between it and Hewlett-Packard over the past few years.

Both Gartner and IDC have HPQ leading within the U.S. market.

Still, the bragging rights are less lustrous amid a difficult 2012 for the PC market. Both research firms say PC shipments fell more than 8% in the third quarter. A third firm, iHS iSuppli, says the world will see its first annual decline in PC shipments in 11 years.

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Article printed from InvestorPlace Media, http://investorplace.com/2012/10/hp-no-longer-worlds-top-pc-maker/.

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