HP, which led the market, had a share of 31.5 per cent last year as it topped the charts in both the commercial and consumer segments with shares of 33.6 per cent and 29.4 per cent. respectively, the report said. India PC Market Drops 6.6% in 2023 to 13.9 Million Units, HP Leads: Report.
Lenovo plans to add manufacturing capacity in India which is the Chinese major s most important international market and export from there too. Lenovo India managing director Shailendra Katyal said that the India market still has an upside due to low household penetration of PCs ranging around 10-12%, which is set to increase dramatically.
The global PC market ended the fourth quarter (Q4) of 2023 with a 0.2% (year-over-year) shipment decline. This was the eighth consecutive quarter of a year-over-year shipment decline, according to Counterpoint Research.
Global shipments of PCs totaled 63.3 million units in Q4 2023, a minor uptick of 0.3 per cent, marking the first increase after eight straight quarters of decline, according to Gartner
The market cap of the world's largest PC producer, Lenovo, which had a 23 per cent share in this year's total shipments, has jumped by 61 per cent year-over-year to $15.8 billion. Dell Technologies saw even bigger growth, with its stock value surging by 81 per cent YoY to $52.2 billion. Global PC Industry Sales Expected To Drop to USD 219.2 Billion in 2024, Revenue Expected To Drop by USD 1.3 Billion: Report.