Lenovo barely held onto its No. 1 ranking in worldwide PC shipments in the third quarter despite enjoying strong double-digit growth in the U.S. market.
Market research firm IDC reported that Lenovo’s global PC shipments fell 3.2 percent in the quarter compared to a year ago, which still was better than the overall 3.9 percent decline in the market. But No. 2 HP gained ground by increasing its shipments by 3.3 percent.
As a result, Lenovo’s 21.3 percent market share in the quarter was just one-tenth of a percent ahead of HP – its smallest margin since Lenovo vaulted to the top in worldwide market share in 2013. In the second quarter, Lenovo’s market share was four-tenths of a percent ahead of HP.
Lenovo’s PC shipments have declined for six consecutive quarters.
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“Slower growth in China (where Lenovo has its largest market share) has made it more difficult for Lenovo to defend its market lead,” IDC noted.
The U.S. market, where Lenovo ranks third, was a bright spot for the company. Its U.S. shipments jumped 17 percent, the best of the top-ranked PC companies and far outpacing the overall market. The U.S. market as a whole posted a 1.7 percent gain in shipments.
It was the second consecutive quarter that the U.S. PC market enjoyed positive growth.
“In spite of a challenging macro-economy and PC environment, our PC business remains strong in achieving high market share and profitability,” Lenovo’s president and chief operating officer, Gianfranco Lanci, said in a prepared statement.
Market research firm Gartner also reported that HP narrowed the gap with Lenovo in worldwide market share, but had Lenovo ahead by a wider margin – 20.9 percent versus 20.4 percent.
Lenovo is based in China but has a headquarters in Morrisville. The company said earlier this month that it was laying off “less than 1 percent” of its 3,200 Triangle workers as part of a larger, worldwide job-cutting initiative. The majority of those job cuts are focused on its Motorola smartphone division in Chicago.