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HP Re-takes No. 1 Market Share in Global PC Industry
New Report From Major Research Firm Shows HP Growing for Second Straight Quarter, Faster Than Market
PALO ALTO, Calif., Jan. 16, 2003
PALO ALTO, Calif., Jan. 16, 2003 -- Based on new third-party market share data released today, HP (NYSE:HPQ) re-claimed the No. 1 position in global PC markets during the fourth calendar quarter of 2002, marking the second consecutive quarter the company has recorded positive growth and grown faster than the overall PC industry.
The report reflects HP's momentum in a fourth quarter that began only five months after completing its merger with Compaq Computer Corporation, providing another market indicator that HP continues to successfully execute its post-merger plan.
Preliminary results released Thursday by IDC show that HP has moved back into the No. 1 spot over Dell in worldwide market share. The reports also show that HP sustained positive quarter-to-quarter growth across all regions and in all major categories, reinforcing the strength of HP's worldwide position and market momentum. According to IDC data, HP grew at 20.8 percent worldwide in total PC shipments quarter over quarter and 17.9 percent in the United States.
"These results reflect the impact of HP's business moves, as we deliver innovative new products, neutralize Dell's price advantage and make major supply chain improvements that help HP deliver better value to our customers," said Jim McDonnell, vice president of marketing, HP Personal Systems Group. "Our customers expect high innovation and high value, and we're delivering."
During the fourth quarter, HP introduced several new products including the Compaq Tablet PC, the HP Media Center PC, two new iPAQ Pocket PCs, as well as several aggressively priced notebook and desktop PC offerings.
In addition, the company introduced its breakthrough Digital Media Receiver product at last week's Consumer Electronics Show, creating new ways for consumers to interact with their digital content across their PCs, TVs and stereo systems. The inexpensive HP Digital Media Receiver uses wired or wireless technology to play digital music and view photo libraries stored on PCs from TVs and stereo systems, regardless of the rooms where the equipment is stored.
About HP
HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q for the quarter ended July 31, 2002 and reports filed subsequent to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation to update these forward-looking statements.
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