HP Continues to Lead PC Industry with Rapid Market Share Growth
PALO ALTO, Calif., July 18, 2007
HP continued its accelerated growth in the PC market – at a pace nearly three times the global average – according to results from the second calendar quarter of 2007 released today by industry analyst firm IDC.(1)
Results for the period mark the eighth consecutive quarter that HP has grown faster than the global PC market. HP continued to strengthen its market share lead while posting record operating profit for the PC business in its most recently reported second fiscal quarter results.
HP's product lineup delivers new paradigms in design and usage, with features such as walk-up, touch computing in the HP TouchSmart PC and built-in webcams and instant viewing capabilities in business tablets.
"From the largest enterprise to high school students, customers across every market segment are demonstrating a strong preference for HP PCs, which are making technology more intuitive and personal than ever before," said Todd Bradley, executive vice president, Personal Systems Group, HP. "We believe it is HP's commitment to providing the best customer experience, through the broadest distribution channels around the globe, that has been key to our continued success."
According to IDC's report, HP grew its worldwide PC shipment unit share lead to 19.3 percent. The company's worldwide PC shipments grew at a rate of 36.5 percent year over year, nearly three times faster than the overall global PC market growth rate of 12.5 percent for the period. HP's U.S. market share grew at a rate of 26 percent, more than tripling the average regional market growth in the second quarter to capture 23.4 percent market share, up from 20 percent for the same period in 2006.
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $97.1 billion for the four fiscal quarters ended April 30, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
(1) IDC, Worldwide Quarterly PC Tracker, July 18, 2007, Preliminary.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2007 and HP's other filings with the Securities and Exchange Commission, including but not limited to HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2006. HP assumes no obligation and does not intend to update these forward-looking statements.