HP's PC Market Growth Outpaces Industry's
PALO ALTO, Calif., Oct. 17, 2007
The HP personal computing business continues to grow at a pace more than twice the global average, according to results from the third calendar quarter of 2007 released today by industry analyst firm IDC.(1)
Results for the period mark the ninth consecutive quarter that HP has grown faster than the global PC market. HP continued this accelerated market share growth while also posting record operating profit for the PC business in its most recently reported third fiscal quarter results.
According to IDC's report, HP grew its worldwide PC shipment unit share to 19.6 percent. The company's worldwide PC shipments grew at a rate of 33 percent year over year, more than twice the overall global PC market growth rate of 15.5 percent for the period. HP's U.S. shipments grew at a rate of 16.9 percent, more than tripling the regional market growth in the third quarter to capture 24.3 percent market share, up from 21.8 percent for the same period in 2006.
"We've listened to what our customers have told us makes a computer personal to them - from the way it looks and how it's used, to how they buy it and are supported after the sale," said Todd Bradley, executive vice president, Personal Systems Group, HP. "That PC buyers young and old, consumer and professional, around the world continue to choose HP in growing numbers is proof that we're succeeding in providing that best customer experience."
The HP personal computing lineup delivers some of the most advanced offerings in design and ease-of-use features, such as extreme personalization and liquid cooling in the highly acclaimed HP Blackbird 002 gaming machine, and simple, one-touch back-up for digital music, videos and memories with the HP Pavilion Elite m9000 PC, both introduced last month.
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 $100.5 billion for the four fiscal quarters ended July 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
(1) IDC, Worldwide Quarterly PC Tracker, Oct. 17, 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 July 31, 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.