PC Shipments Surprisingly Rise in Second Quarter

NEW YORK (TheStreet) -- Both Gartner and IDC reported PC shipments were better-than-expected in the second-quarter, with Gartner showing a 0.1% increase, while IDC said sales fell 1.7% in mature markets, better than the expected 7% decline, indicating some additional life in the PC market.

The top three producers Lenovo, HP ( HPQ) and Dell all saw good year-over-year increases in both surveys.

According to Gartner's numbers, Lenovo increased its lead in worldwide PC shipments raising its market share to 19.2%. HP was second with 17.7%, Dell third with 13.3%, Acer was fourth with 7.9% and Asus came in fifth with 6.9%. The results were different in the U.S. market with HP garnering 27.7%, Dell close behind with 26.0%, Lenovo 11.5%, Apple (AAPL) 10.6% and Toshiba owning 6.4% of the market.

Gartner principal analyst Mikako Kitagawa noted the stabilization in the domestic markets, helping offset the declines elsewhere in the world. "While the worldwide PC market stopped two years of declining shipments in the second quarter, there were mixed results, as stabilization in developed markets was offset by a decline in emerging markets," Kitagawa said in the release.

HP shares was off 0.56% to $33.46 in early morning New York trading.

Citigroup analyst Jim Suva noted that while the PC market is still weak, there are some positive signs being seen. "The -2% YoY decline remains inline with our call on PCs which is based on geographic trends that we believe consensus may not be fully incorporating: 1) continued emerging market demand weakness, 2) better-than-expected near-term corporate demand in mature markets, 3) the uncertain longevity of the upgrade process prompted by Win XP expiration, and 4) emerging markets becoming less of a headwind," the analyst wrote in a research note.

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