How Will HP’s Personal System Segment Perform in Fiscal 2Q17?
HP regains top spot from Lenovo
In 1Q17, IDC (International Data Corporation) stated that worldwide PC (persona computer) shipments rose 0.6% YoY (year-over-year) to ~60.3 million units. In calendar 2016, shipments fell 5.7% YoY to 260 million units.
US-based (SPY) tech (QQQ) firm HP Inc. (HPQ) reclaimed the top PC manufacturer spot from Lenovo (LNVGY), with shipments rising 13.1% YoY, from 11.62 million units in calendar 1Q16 to 13.14 million units in calendar 1Q17. The company’s market share rose from 19.4% to 21.8% during the same period. Notably, HP’s shipment growth easily the beat growth in global PC shipments.
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IDC stated, “HP Inc. took back the top spot for the first time since Q1 2013 after several quarters inching closer to Lenovo. The vendor has focused on building out a deep portfolio and saw a strong quarter in notebooks across all regions.”
Other top PC manufacturers include Lenovo, Dell, Apple (AAPL), and Acer with market shares of 20.4%, 15.9%, 7%, and 6.8%, respectively. Market leaders continue to improve their shares in the PC segment. The top three manufacturers accounted for 58.1% of the worldwide market in 1Q17, as compared to 54.6% in 1Q16.
HP’s Personal Systems segment in fiscal 1Q17
HP’s Personal Systems PC Group reported revenues of $8.2 billion in fiscal 1Q17, which rose 10% YoY and rose 11% YoY on a constant currency basis. HP’s desktop sales were flat YoY, and notebook sales rose 16% YoY in fiscal 1Q17.
Total desktop units were flat as well YoY, as compared to the 16% YoY rise in notebook units. However, total units rose 8% YoY. While commercial revenues in this segment rose 7% YoY, consumer revenues rose 15% in fiscal 1Q17.