HP Maintains Lead of Indian PC Market in Q3 2016 With 29 Percent Share, Finds IDC

November 23, 2016 13:33

Source: http://gadgets.ndtv.com/laptops/news/hp-maintains-lead-of-indian-pc-market-in-q3-2016-with-29-percent-share-finds-idc-1628710

Global printing and personal computer major HP Inc. maintained the top spot in the Indian PC market with an overall market share of 28.8 percent, a new report by International Data Corporation (IDC) revealed on Tuesday.

Dell captured the second spot with a market share of 24.1 percent. The vendor grew by 27.6 percent quarter-on-quarter over second quarter of 2016.

According to IDC, HP grew by 18.9 percent quarter on quarter over Q2 2016 owing to the partial execution of state-owned education project. With increasing LFR (Large Format Retailer) and online presence during festive and back to college season, the vendor recorded 20 percent growth in overall consumer market in third quarter of 2016.

"Our unwavering commitment towards delivering amazing products and solutions to consumers and businesses that empower them to succeed in this digital age has helped us sustain the market leadership," Ketan Patel, Senior Director, Personal Systems, HP India, told IANS. Lenovo took the third spot with 17.5 percent market share in the quarter and it grew by 27.3 percent quarter on quarter over second quarter of 2016, the report added.

The overall PC shipment for third quarter of 2016 stood at 2.51 million units, a quarter-on-quarter growth of 17.3 percent over second quarter of 2016 and year on year decline of 22.5 percent over third quarter of 2015.

The overall consumer PC market recorded 1.37 million units, a quarter on quarter growth of 31 percent over second quarter of 2016.

The commercial PC segment recorded 1.13 million unit shipments in third quarter of 2016, a 4.1 percent quarter on quarter increase against second quarter of 2016.