HP Captures Top Position in PC Market in Fourth Quarter
PALO ALTO, Calif., Jan. 14, 2004
According to preliminary 2003 shipment figures released today by IDC, HP (NYSE:HPQ) continued its recent market momentum by capturing the top global PC spot in the fourth quarter and cementing its position as one of the top two global PC providers.(1)
HP had 15 percent sequential worldwide growth and 21 percent year-over-year growth during the fourth quarter of 2003, with particular strength in Europe. HP continues to outpace the overall PC market, which grew sequentially by 14.4 percent during the quarter. The company has now grown 40 percent faster than the market on an annual basis for the past three quarters.
"Based on our successful finish in the fourth quarter, HP's commitment to delivering PC innovation at the lowest cost through the world's largest technology distribution network is clearly resonating with customers around the globe," said Jim McDonnell, vice president of marketing and sales, Personal Systems Group, HP. "The two-horse race for PC leadership continues to be neck-and-neck."
"We are now focused on extending our success. The numbers show we continue to narrow production gaps with our closest competitor. With the distance widening between the top two vendors and the rest of the market, it's clear that HP is optimally positioned to capitalize on the continuing opportunities in the PC market."
- HP's PC business grew worldwide 21 percent year-over-year.
- HP's sequential growth worldwide is 15 percent.
- In the United States, HP grew 19 percent year-over-year.
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the fiscal year ending on Oct. 31, 2003, HP revenue totaled $73.1 billion. More information about HP is available at http://www.hp.com.
(1) IDC's Worldwide Preliminary Top 5 PC Vendor Report, published Jan. 14, 2004.
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 Quarterly Report on Form 10-Q for the period ended July 31, 2003 and HP's other Securities and Exchange Commission reports filed after HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2003. 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 and does not intend to update these forward-looking statements.