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Meet the Company That's Outgrowing Apple

By Tim Beyers - Oct 11, 2012 at 5:00PM

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China's Lenovo takes a bigger bite out of the PC market

For months we've witnessed Apple (AAPL -2.98%) defy industry norms by growing even as the rest of the PC market fell. No longer. Depending on whose data you trust, the Mac maker saw U.S. sales fall between 6% and 7% year over year during the third quarter

Lenovo -- the Chinese computer maker that took over IBM's (IBM -0.66%) PC business in 2005 -- was the lone grower, improving sales by at least 6% over last year's Q3.

Don't take that to mean Apple did poorly. Quite the contrary: The Mac maker added about a point of market share over the past year and now ranks as the third-largest PC supplier to the U.S. market, according to data compiled by researchers Gartner and IDC. Lenovo ranks fourth domestically, and is vying for the top spot worldwide.

Not surprisingly, Dell (DELL.DL) and Hewlett-Packard (HPQ -2.60%) appear to have suffered the most from Apple and Lenovo's rise. What's interesting is that the situation may be even worse than the numbers suggest. Why? The iPad.

Think back to last month, and these comments from Apple CEO Tim Cook at Apple's iPhone 5 launch event: "We sold more iPads [last quarter] than any PC manufacturer sold of their entire PC line."

We won't know Apple's fiscal Q4 iPad sales until the company reports earnings on Oct. 25. But what if comes close to the 17 million Cook bragged of selling during fiscal Q3? Have a look, first at the U.S. data:

Supplier

Gartner Est. Q3 2012 Shipments*

Gartner Est. Q3 2012 Growth (YOY)

IDC Est. Q3 2012 Shipments*

IDC Est. Q3 2012 Growth (YOY)

HP

4,142

(19.3%)

4,293

(18.8%)

Dell

3,271

(15.9%)

3,402

(16%)

Apple

2,079

(6.1%)

2,211

(7.0%)

Lenovo

1,358

6.1%

1,368

9.2%

Acer Group

990

(28.2%)

1,006

(19.6%)

All others

3,478

(10.3%)

4,300

(8.5%)

Sources: Gartner and IDC. *Units in thousands.

Now, here are the worldwide figures. As you can see, ASUS and Lenovo are accelerating in Asia in much the same way Apple had been here in the U.S.:

Supplier

Gartner Est. Q3 2012 Shipments*

Gartner Est. Q3 2012 Growth (YOY) 

IDC Est. Q3 2012 Shipments*

IDC Est. Q3 2012 Growth (YOY) 

Lenovo

13,768

9.8%

13,824

10.2%

HP

13,551

(16.4%)

13,946

(16.4%)

Dell

9,217

(13.7%)

9,499

(14%)

Acer Group

8,633

(10.2%)

8,414

(9.6%)

ASUS

6,381

11.8%

6,381

10.0%

All Others

35,955

(11.6%)

35,732

(12.2%)

Sources: Gartner and IDC. *Units in thousands.

 

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Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
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International Business Machines Corporation Stock Quote
International Business Machines Corporation
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