Lenovo overtakes HP in PC market

Lenovo YOGA 710 laptop 1

Lenovo has overtaken HP to become the leading PC vendor in the third quarter of 2018, according to IDC.

Lenovo, which continued the second quarter of its joint venture with Fujitsu, saw a marked improvement in its North American business in the wake of a revamped channel strategy and more stable management. The addition of Fujitsu volume helped to push the vendor to the top spot with 24 percent of the global market share.

HP Inc. grew 0.3 percent but still reached its tenth consecutive quarter of growth and slightly outgrew its market share from a year ago. It faced a tough quarter in the U.S. as well as Latin America.

Dell Inc. tied with Lenovo in terms of growth at 5.8 percent and further expanded its market share versus a year ago. A strong showing in desktop volume overall and a great EMEA quarter were the driving forces behind its results.

Acer climbed to 4th place with strong performances in education and gaming. The company has continued to focus on building out a comprehensive Chrome OS portfolio and its gaming notebooks have also garnered significant uptake.

Apple finished the quarter in 5th place, declined over 11 percent, and was the only top 5 company to underperform the overall market.
IDC said shipments of traditional PCs such as desktop, notebook, and workstation fell 0.9 percent to nearly 67.4 million units.

The PC market in APeJ posted a single-digit decline. Vendors and channel partners increased shipments to hedge against expected price increases and CPU shortages. India achieved a significant sequential increase in sell-in due to preparations for the festive season. China’s PC market gained due to ultraslim demand among consumer and SMB markets.

Neha Mahajan, senior research analyst, US Devices & Displays, said: “Healthy business PC volume, steady Chromebook shipments to U.S. K-12, and a growing gaming consumer base have been the key reasons for the optimism around the U.S. PC markets.”