New Delhi: Chinese computer maker Lenovo has edged over HP to become the world's No 1 PC maker in the July-September 2012 quarter, according to research firms Gartner and IDC.
As per Gartner, Lenovo had a 15.7 percent market share with shipments of 13.76 million units in third quarter of 2012 compared with 15.5 percent share of HP (13.55 million units) during the same period.
IDC, whose numbers vary slightly, show Lenovo's share at 15.9 percent (13.94 million units) compared to 15.7 percent share of HP (13.82 million units) in the July-September 2012 quarter.
"In addition to acquiring other vendors, Lenovo has also taken an aggressive position on pricing, especially in the professional market. As a result, Lenovo has achieved significant market share gains over the last two years, exceeding regional average growth rates across all regions," Gartner said in a statement.
Although it finished the quarter very close to Lenovo, HP has given up the top PC vendor position for the first time since the third quarter of 2006, it added.
"HP is currently restructuring its device business, including PCs, tablets and printers. HP's main concern is achieving a good balance between market share gain and margin protection," it added.
According to IDC, the worldwide PC market contracted sharply to 87.79 million units in the third quarter of 2012, with shipments declining 8.6 percent from 96.08 million units in the same period last year.
Gartner's numbers said global PC shipments dipped 8.3 percent to 87.5 million units in Q3 of 2012 from 95.44 million units in the same quarter last year.
"PCs are going through a severe slump. The industry had already weathered a rough second quarter, and now the third quarter was even worse. A weak global economy as well as questions about PC market saturation and delayed replacement cycles are certainly a factor, but the hard question of what is the 'it' product for PCs remain unanswered," said Jay Chou, senior research analyst, IDC Worldwide PC Tracker.
While ultrabook prices have come down a little, there are still some significant challenges that will greet Windows 8 in the coming quarter, Chou added.
Dell was the No. 3 vendor in PC shipments worldwide in the third quarter of 2012 with over 10 percent market share, followed by Acer and ASUS, both research firms said.