by Nate Wooley | October 11, 2012 1:25 pm
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.
Source URL: http://investorplace.com/2012/10/hp-no-longer-worlds-top-pc-maker/
Short URL: http://invstplc.com/1fJQ6Ko
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.