This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PC Market In Longest Shipment Slump: Gartner

NEW YORK ( TheStreet) - The PC market is in its longest decline in its history, according to the latest figures released by tech research firm Gartner (IT - Get Report).

During the second-quarter of 2013, worldwide PC shipments fell to 76 million units, Gartner reported - a decline of 10.9% on the prior year's quarter. In research released late on Wednesday, Gartner noted that the slump marks the fifth consecutive quarter of declining shipments, the longest decline in the market's history.

The ongoing popularity of Apple's (AAPL - Get Report) iPad and tablets running Google's (GOOG - Get Report) Android operating system continues to pressure the PC market.

"We are seeing the PC market reduction directly tied to the shrinking installed base of PCs, as inexpensive tablets displace the low-end machines used primarily for consumption in mature and developed markets," said Mikako Kitagawa, principal analyst at Gartner, in a statement. "In emerging markets, inexpensive tablets have become the first computing device for many people, who at best are deferring the purchase of a PC. This is also accounting for the collapse of the mini notebook market."

All regions saw a year-over-year decline, according to Gartner, with Asia-Pacific experiencing its fifth consecutive quarter of shipment decline and Europe, the Middle East and Africa (EMEA) seeing its second consecutive quarter of double-digit decline.

During the second quarter, Lenovo edged past HP (HPQ - Get Report) to take top position in the PC market, with 16.7% market share, although its PC shipments slipped 0.6% compared to the second quarter of 2012. HP had 16.3% of the global PC market and saw shipments slip 4.8% year over year, although Gartner noted that the tech giant is the market leader in the U.S., EMEA and Latin America.

Dell (DELL), which saw its shipments fall 3.9% compared to the prior year's quarter, was in third place with 11.8% of the PC market.

--Written by James Rogers in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AAPL $93.21 -0.44%
GOOG $700.13 0.64%
IT $94.22 7.60%
HPQ $11.57 -0.17%


Chart of I:DJI
DOW 17,706.91 +55.65 0.32%
S&P 500 2,056.95 +5.83 0.28%
NASDAQ 4,737.2170 +11.5780 0.24%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs