ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

HPQ HP Inc

28.16
0.03 (0.11%)
Pre Market
Last Updated: 13:33:41
Delayed by 15 minutes
Share Name Share Symbol Market Type
HP Inc NYSE:HPQ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.03 0.11% 28.16 825 13:33:41

PC Shipments Rise 1% in 3Q; Chromebook Sales Post First Double-Digit Year-Over-Year Decline, Gartner Says

11/10/2021 9:29pm

Dow Jones News


HP (NYSE:HPQ)
Historical Stock Chart


From Apr 2021 to Apr 2024

Click Here for more HP Charts.

By Maria Armental

 

Personal-computer shipments rose 1% in the September quarter as spending began to shift away from PCs, according to research firm Gartner, adding that holiday season shipments are expected to be weaker than a year ago.

PC shipments totaled 84.1 million units in the third quarter, according to preliminary data. Fourth-quarter demand is expected to be driven by replacements rather than new units, Gartner said.

"As many schools worldwide reopened, there was no longer an immediate need for PCs and Chromebooks to support at-home education," Mikako Kitagawa, research director at Gartner, said in a statement.

Lower demand from education, despite back-to-school sales, drove a 17% year-over-year decline in Chromebook shipments, which Gartner now includes in its PC market results.

It was the first double-digit year-over-year decline in Chromebook sales since its introduction to the market in 2011, according to Gartner.

While business PC demand remained strong, driven by economic recovery in key regions and the return of some workers to offices, Ms. Kitagawa said, the growth was concentrated in the desktop segment as semiconductor shortages continued to constrain laptop shipments.

The component shortages are expected to stretch into the first half of 2022, she said.

Strength on the business side helped Dell Technologies Inc., which saw the largest year-over-year growth in unit shipments among PC vendors, Gartner said.

Lenovo Group Ltd. retained the No. 1 spot, followed by HP Inc., which had its second consecutive quarter of year-over-year decline in shipments driven by the weaker Chromebook demand in education, Gartner said.

In the U.S., the PC market declined 8.8% overall, driven by lower laptop and Chromebook sales. Dell took the top vendor spot in the U.S., leapfrogging over HP.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

October 11, 2021 16:14 ET (20:14 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year HP Chart

1 Year HP Chart

1 Month HP Chart

1 Month HP Chart

Your Recent History

Delayed Upgrade Clock