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Apple’s Q2 PC shipment growth outpaces peers, Lenovo leads in units sold

Lenovo led the market for global PC shipments in the second quarter of 2024, followed by HP Inc. (HPQ) and Dell Technologies (DELL), according to the International Data Corporation, or IDC.

Hong Kong-based Lenovo’s PC shipments grew 3.7% year-over-year to 14.7M units, and held a market share of 22.7% for the second quarter of 2024.

The traditional PC market delivered its second quarter of growth after seeing seven consecutive quarters of decline. Total worldwide shipments rose 3% year-over-year to 64.9M units in the second quarter of 2024.

IDC noted that while the overall market benefited from favorable comparisons to 2023, weak results in China continued to hold the market back. Excluding China, worldwide shipments grew more than 5% year over year.

HP Inc. shipped rose 1.8% year-over-year to 13.7M units, taking a market share of 21.1% in the second quarter of 2024. Dell’s PC shipments fell -2.4% year-over-year to 10.1M units, with market share of 15.5%.

Apple’s (NASDAQ:AAPL) PC shipments saw the largest increase with 20.8% year-over-year growth to 5.7M units in the second quarter of 2024. Apple took the fourth spot in market share with 8.8%.

According to research firm Canalys Apple’s Macs really shined during the second-quarter. The U.S. tech giant’s growth outpaced that of the three companies in part due to its AI strategy.

“The buzz is clearly around AI, but a lot is happening with non-AI PC purchasing to make this mature market show signs of positivity,” said Ryan Reith, group vice president with IDC’s Worldwide Device Trackers.

IDC said it believes that commercial market has the biggest short-term upside for AI in the PC industry, but the consumer story has yet to be told in full.

The firm added that all eyes are on Apple to drive this message later this year with anticipated product launches, but it should not be overlooked that Qualcomm (QCOM) Intel (INTC) and AMD (AMD) are all likely to make noise around both consumer and commercial AI PCs.

“The market has also moved past the rock bottom pricing brought about by excess inventory last year, signifying growth in average selling prices due to richer configurations and reduced discounting,” said Jitesh Ubrani, research manager with IDC’s Worldwide Mobile Device Trackers. Seeking Alpha

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