Quantcast

The PC Market Just Posted Its Best Quarter in 6 Years


Like clockwork, market researchers IDC and Gartner have both put out their most recent estimates on the PC market. While each firm's methodologies vary slightly -- for example, IDC includes Chromebooks but Gartner does not -- they both found that the PC market just had its best quarter since 2012. That's not to say that the market is the growth engine it used to be, as it has been stagnating for many years with the rise of mobile computing.

Still, any growth at all is better than contracting.

MacBook Pro lineup

Image source: Apple.

Best quarter since 2012

Starting with IDC's preliminary estimates, that researcher says the market grew 2.7% in the second quarter, and the overall rankings of vendors didn't really change. HP is still the top dog by unit volumes, according to the report, with China's Lenovo coming in No. 2. Dell, which is preparing to go public ( again ), came in third, while Apple 's unit volumes were essentially flat year over year.

Vendor

Q2 2018 Shipments

Q2 2018 Market Share

HP (NYSE: HPQ)

14.9 million

23.9%

Lenovo

13.8 million

22.1%

Dell

11.3 million

18.1%

Apple (NASDAQ: AAPL)

4.3 million

6.9%

Acer

4.2 million

6.7%

Others

13.9 million

22.3%

Total

62.3 million

100%

Data source: IDC.

Apple refreshed its MacBook Pro lineup just yesterday, giving it slightly more than your typical spec bump. The professional notebooks are also getting TrueTone displays and a third-generation keyboard. Unfortunately, the new keyboard does not address ongoing reliability issues that have sparked multiple class action lawsuits; it's just quieter. Still, the update should help bolster Mac unit volumes in the third quarter.

At 2.7% growth, this was the best quarter for the PC market since Q1 2012, according to IDC.

A second opinion

Gartner's estimates vary slightly, but the overall takeaways are similar. Under Gartner's figures, Lenovo came out on top by a hair, followed by HP, Dell, and Apple. The market grew by 1.4%, according to Gartner. While encouraging, the researcher says it would be premature to "declare a PC industry recovery just yet."

Vendor

Q2 2018 Shipments

Q2 2018 Market Share

Lenovo

13.6 million

21.9%

HP

13.6 million

21.9%

Dell

10.5 million

16.8%

Apple

4.4 million

7.1%

Acer

4 million

6.4%

Others

16.1 million

25.9%

Total

62.1 million

100%

Data source: Gartner.

Lenovo enjoyed its strongest quarter since early 2015, thanks in part to its recent acquisition of Fujitsu's PC business via a joint venture. Dell was able to grow units by nearly 10% by focusing on its commercial segment. Gartner says it was the PC market's best quarter since Q1 2012.

Either way you slice it, the PC market remains fairly stable, even if its growth days are in the rearview mirror.

10 stocks we like better than Apple
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of June 4, 2018

Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of and recommends Apple. The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. The Motley Fool recommends IT. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Personal Finance , Stocks
Referenced Symbols: AAPL , HPQ



More from Motley Fool

Subscribe






Motley Fool
Contributor:

Motley Fool

Market News, Investing










Research Brokers before you trade

Want to trade FX?