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HP Grows to World’s No. 1 PC Vendor
PALO ALTO, Calif., Oct. 18, 2006
HP has shipped more PCs than any other vendor worldwide for the third calendar quarter of 2006, according to IDC(1) results released today.
Results from the analyst firm for the period mark the fifth consecutive quarter that HP has grown faster worldwide than the global market. The company’s Personal Systems Group also reported record revenue and operating margins in the fiscal third quarter.
“We are delighted to have reclaimed the No. 1 share position in a period where we also achieved profitability and revenue milestones for the business," said Todd Bradley, executive vice president, Personal Systems Group, 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. Our consistent strength in the marketplace tells us we’ve built the right strategy for continued 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 15.1 percent to 17.2 percent market share, growing 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.
The positive market share results come on the heels of other recent news from the HP Personal Systems Group. On Sept. 6, HP launched more than 15 business desktop, notebook, workstation and display products, services and solutions – www.hp.com/go/takincareofbusiness.
Later in the 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 – 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 http://www.hp.com.
(1) IDC Worldwide Quarterly PC Tracker, Oct. 18, 2006.
© 2006 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.
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