Hewlett Packard (HP) Co. has gained some of the previous potentials of personal computers (PCs) and other similar businesses.
[hana-code-insert name=’StumbleUpon’ /][hana-code-insert name=’Reddit’ /]HP became the best performer in the Dow Jones Industrial average and the stocks of the company jumped more than 7% on Thursday after the release of estimates by the research groups Gartner and IDC.
Meg Whitman, former Ebay Inc. CEO, became the CEO of the company after Leo Apotheker and decided to keep the PC business despite the challenges faced by the PC industry and her idea was right to keep it. HP showed largest number of PC shipments in the first quarter as compared to Lenovo, Dell, Acer Group and Asus.
HP’s worldwide market share dropped to 16% in the fourth quarter but now IDC has estimated that HP’s global share in the first quarter of 2012 was back to 18%. According to IDC, HP’s first quarter share was 28% in the U.S. that is almost same as it had in the last summer.
Analyst Brian G. Alexander at Raymond James said HP’s gain was Dell’s loss.
“Results suggest that Dell was previously able to capitalize on the uncertainty surrounding HP’s [PC] division,” he said in a research note. “Now that HP has apparently stabilized, and Lenovo is firing on all cylinders, Dell has additional head winds.”
Dell Inc., third largest PC maker, has seen a downfall in the first quarter i.e. 12% from the 13% in the previous quarter.