Personal Systems revenue fell 10% YoY
Hewlett-Packard’s (HPQ) revenue for its Personal Systems segment fell 10% YoY (year-over-year) to $7 billion and 5% on a constant currency basis in fiscal 2Q16. Operating profit from this segment was $242 million, or 3.5% of revenue.
Notebooks accounted for 55% of revenue in the Personal Systems segment. The Desktops, Workstations, and Other subsegments accounted for 34%, 7%, and 4% of the segment’s revenue, respectively.
Total units fell by 9% YoY in fiscal 2Q16. The Notebook segment’s revenue fell by 8% YoY while its units fell by 6% YoY in fiscal 2Q16. The Desktop segment’s revenue fell by 13% YoY while its units fell by 10% YoY.
HPQ’s commercial revenue fell by 7% YoY, and its consumer revenue fell by 16% YoY in fiscal 2Q16.
PC market share rose marginally
According to market research company International Data Corporation, total PC (personal computer) units fell by 11.5% from 68.5 million units in 1Q15 to 60.6 million units in 1Q16.
As you can see in the above graph, Apple’s (AAPL) market share rose from 6.7% in 1Q15 to 7.4% in 1Q16. Lenovo’s market share rose from 19.4% to 20.1% in the same period. Dell’s market share rose from 13.4% in 1Q15 to 14.9% in 1Q16 with total shipments of 9 million.
Hewlett Packard’s market share rose marginally from 19% in 1Q15 to 19.2% in 1Q16. Asus saw a rise of 0.2 percentage points to 7.2% in 1Q16.
Apple makes up 12.9% of the Technology Select Sector SPDR ETF (XLK).