HP can’t stop Lenovo’s rise to the top
San Francisco, CA, United States (4E) – According to market research firm Gartner, Lenovo shipped out more personal computers than Hewlett-Packard, which means Lenovo has successfully knocked HP from its throne and has taken the crown of top PC manufacturer. Gartner adds that in the third quarter Lenovo grabbed an estimated 15.7 percent of the PC market share compared to HP’s 15.5 percent.
“Lenovo took the No. 1 position in worldwide PC shipments for the first time in the company’s history…In addition to acquiring other vendors, Lenovo has also taken an aggressive position on pricing, especially in the professional market. As a result, Lenovo has achieved significant market share gains over the last two years, exceeding regional average growth rates across all regions.” Gartner stated in its findings.
But Gartner’s report was soon challenged by the International Data Corporation (IDC). The IDC presented in its report that HP was still the PC market leader with a 15.9 percent hold on the market in the third quarter, while Lenovo had a 15.7 percent market share.
It’s difficult to determine which of the two research firms has the more accurate report. But there’s one thing both the IDC and Gartner agree on — Lenovo’s inevitable take over as top PC manufacturer in the world.
Analysts estimate that HP’s time on the top of the PC world is about to end. If it doesn’t happen by the end of the year, it will happen next year. HP failed to innovate its products and business strategy, while Lenovo slowly churned out quality products such as the IdeadPad, ThinkPad and IdeaCentre.
HP has had several CEOs in a short span of time and this is one reason why the company has failed to keep consistency with its products and strategies.