(Yicai Global) April 12 -- Global PC shipments began to recover in the first quarter this year, but Legend Holdings Inc. (HKG: 3396), controlling shareholder of the Lenovo Group, lost its position to HP as the world's No. 1 PC maker due to poor performance in the North American market, says market research form IDC.
Global PC shipments in the first quarter totaled 60.3 million units, an increase of 0.6 percent. IDC's earlier estimates had predicted that PC shipments will fall 1.8 percent in the first quarter, with actual figure signaling that the PC market is recovering. This is the first time that quarterly PC shipments rebounded since Q1 2012.
In 2013, surpassing HP, Lenovo became the largest PC manufacturer, and since then has almost always occupied the first spot. According to IDC data, Lenovo lost the top ranking due to suffering setbacks in North America, shows data from IDC. HP fares well in North America, with its European PC shipments also rebounded, but it had weak performance in the Asia-Pacific region. HP stops making low-end PCs, focusing on high-end ones and high-premium products. Lenovo launched several innovative PCs, such as Yoga, but its business performance in China is in downturn.
According to IDC data, HP PC shipments in the first quarter were 13.1 million units, up 13.1 percent, with a market share of 21.8 percent. Lenovo shipped 12.3 million units, an increase of 1.7 percent. Dell ranked third, with its shipments grew 6.2 percent, reaching 9.6 million units. Apple ranked fourth, up 4.1 percent, with 4.2 million units shipped. Acer ranked fifth, shipping 4.1 million units, close to that of Apple.