HP Inc Leads Indian PC Market In Q1 2023

HP Inc. led the PC market in the first three months of 2023 with a share of 33.8 per cent. It had a strong showing in both the consumer and commercial segments.

The company’s shipment numbers were helped by some government and education orders but its commercial segment clock a share of 34.7 per cent.

Strong demand in offline channels helped its consumer segment, as it held a share of 32.6 per cent there, noted am IDC report on PC shipments in Q1 2023. But despite good shipments, the vendor declined by 30.2 per cent YoY as demand for PCs dropped across segments.

During the Q1 2023, Lenovo came in second in PC shipments with a share of 15.7 per cent despite witnessing a decline of 37.5 per cent YoY. While it was second in the consumer segment with a share of 14.2 per cent, it was marginally behind Dell in the commercial segment as it held third place with a share of 16.8 per cent. The vendor struggled in the government segment even though this quarter was driven by government orders.

Global PC major Dell came third in Indian market with a share of 13.9 per cent. The vendor focused on correcting channel inventory in consumer and SME segments, leading to a big drop in market share, noted IDC. The lack of enterprise orders also impacted the company’s performance as the enterprise segment has traditionally been Dell’s forte.

Overall, the traditional PC market in India saw a 30.1 per cent year-over-year (YoY) decline in the first three months of 2023 (Q1 2023), shipping just 2.99 million units in the period.

The total demand for desktops was positive in Q1 2023 but the notebook category witnessed another weak quarter as it declined by 40.8 per cent YoY. Also, consumer segment declined by 36.1 per cent YoY primarily due to slowing demand and low market sentiment, and the commercial segment declined by 25.1 per cent YoY due to reduced/delayed procurement by enterprises and SMEs.