HP Loses Its Crown

Market researcher Gartner has just recently released its third-quarter estimates on PC unit volumes, and the numbers weren't pretty for Hewlett-Packard (NYS: HPQ) . The iconic PC maker has given up its title as the top PC maker in the world, one it had held since the third quarter of 2006. The news is another parallel to Nokia (NYS: NOK) , who lost its own market crown recently. HP's shipments fell by 16.4% to 13.6 million. Dell (NAS: DELL) also saw shipments drop by 13.7% to 9.2 million, enough to earn it a third-place finish with 10.5% share. The overall market remains sluggish, with total units down 8.3% at 87.5 million as the market anxiously awaits transitioning to Microsoft (NAS: MSFT) Windows 8. Meanwhile on the domestic front, Apple (NAS: AAPL) claimed a 13.6% market share, a new high for the Mac maker even as it also saw shipments fall.

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The article HP Loses Its Crown originally appeared on Fool.com.

Fool contributor Evan Niu owns shares of Apple, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Microsoft and Apple. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have recommended creating a synthetic covered call position in Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy.
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