HP Grows to World’s Number One PC Vendor

Published October 28th, 2006 - 06:57 GMT

HP has shipped more PCs than any other vendor worldwide for the third calendar quarter of 2006, according to both IDC(1) and Gartner(2) results released last week.
Results from both analyst firms for the period mark Q306 as at least the third consecutive quarter that HP has grown faster worldwide than the global market, while HP also reported record revenue and operating margins for its Personal Systems Group (PSG) in the fiscal third quarter.
“We are delighted to have reclaimed the number one share position in a period where we also achieved profitability and revenue milestones for the business,” said Todd Bradley, Executive Vice President, PSG, HP. “HP has balanced strength across the consumer and business segments in countries around the world and the broadest selection of personal technology and support to address the work, entertainment or mobile preferences of most any customer.
Anil Gandhi, General Manager, PSG, HP Middle East, said: “This is also a significant milestone for HP Middle East as we claim the number one PC vendor spot in the region. Our consistent strength in the marketplace tells us we’ve built the right strategy to meet our customer’s needs and continue our great success.”
According to the IDC Worldwide Quarterly PC Tracker, while the worldwide PC market for the third quarter of 2006 grew at 7.9 percent, HP’s third calendar quarter worldwide PC shipments grew at a rate of 15.1 percent to 17.2 percent market share, nearly twice as fast as the worldwide market. HP’s U.S. market share also grew faster than the market in the third quarter to increase share 1.6 percentage points to 22 percent from 20.4 percent year over year.
Gartner’s Top 5 Preliminary PC Market Results for the third quarter of 2006 also show HP in the number one position at 16.3 percent market share, 0.2 percentage points ahead of its nearest competitor.
The positive market share results come on the heels of other recent news from the HP Personal Systems Group. Last month, HP announced the acquisition of high-end gaming company VoodooPC and introduced more than 20 new consumer products to enhance the high-definition digital lifestyle. More information is available at: www.hp.com/go/yourlifeistheshow.

 


About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended July 31, 2006, HP revenue totaled $90.0 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.
About HP Middle East
HP is the largest technology and solutions provider in the Middle East with 670 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Jeddah, Khobar, Cairo,  Ramallah and Oman servicing the GCC, Egypt and the Levant. HP has been present in the Middle East since 1968 and opened its first regional office in 1994. HP Middle East is the market leader for enterprise, small and medium business and consumer technology products and offers a large portfolio of solutions and services in various business domains.
More information about HP in the Middle East is available at www.hp.com/me

Note to editors: HP news releases are available via RSS feed at www.hp.com/hpinfo/rss.html.

(1) IDC Worldwide Quarterly PC Tracker, Oct. 18, 2006.
(2) Gartner’s Top 5 Preliminary PC Market Results, 3Q2006 Update, Oct. 18, 2006.

 © 2006 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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