Dow Jones soars about 23,000 as tech and financials step into focus

HP No Longer World’s Top PC Maker?

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

   

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.

More on personal computers:


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

©2017 InvestorPlace Media, LLC