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Wed, Oct. 8, 5:09 PM
- IDC estimates global PC shipments were down 1.7% Y/Y in Q3 to 78.5M, better than an expected 4.1%. The decline is even with Q2's rate, and better than Q1's 4.4% and Q4 2013's 5.6%. Gartner estimates shipments fell only 0.5%.
- Developed markets continue faring better than emerging markets still getting hit by tablet cannibalization. IDC thinks U.S. shipments rose 4.3%, a bit slower than Q2's 6.9% growth. EMEA grew, while Asia-Pac (exc. Japan) declined. Japanese growth remained "deeply negative."
- The corporate migration from Windows XP to Windows 7 (following MSFT's ending of XP support) is still providing a lift, as is a soft tablet market. However, IDC cautions demand for "large commercial refreshes" remains low.
- Notably, Apple (NASDAQ:AAPL) finally managed to crack IDC's list of the top-5 global vendors: With the help of a strong U.S. market and Mac price cuts, Apple's unit share rose an estimated 60 bps to 6.3%. Revenue share is likely above 10%, given Apple's calendar Q2 Mac ASP was $1,255. U.S. unit share was at 13%.
- The four companies ahead of Apple all grew their shares as well, gaining ground against vendors with less scale: Lenovo (OTCPK:LNVGY) was at 20% (+230 bps), H-P (NYSE:HPQ) at 18.8% (+130 bps), Dell at 13.3% (+140 bps), and Acer (OTC:ACEIY) at 8.4% (+100 bps).
- Intel's (NASDAQ:INTC) Oct. 14 Q3 report should provide additional color on PC demand going into the holiday season.
- Related tickers: AMD, NVDA, MU, STX, WDC, HTCH
Wed, Sep. 3, 9:08 AM| 1 Comment
Wed, Jul. 9, 5:29 PM
- Global PC shipments fell only 1.7% Y/Y in Q2 to 74.4M, says IDC. That's much better than the firm's forecast for a 7.1% drop, and smaller than the 4.4% and 5.6% declines respectively seen in Q1 and Q4. Gartner is even more positive, estimating shipments rose 0.1%, thus ending a long string of declines.
- Unsurprisingly (especially given INTC's Q2 guidance hike), IDC thinks business PC upgrades stemming from Microsoft's (MSFT) ending of Win. XP support helped out. But it also says consumer demand was better than expected, with sales of low-end PCs (inc. Chromebooks) improving amid slowing tablet growth.
- Sales in the U.S. and EMEA (two high-ASP regions) rose, while Asia-Pac (exc. Japan) still fell by nearly double digits. IDC now thinks full-year industry growth "could get closer to flat, rather than the May projection of -6%."
- IDC's Q1 share data points to industry leaders gaining at the expense of smaller players: Lenovo (LNVGY) 19.6% share, +270 bps Y/Y. H-P (HPQ) 18.3%, +190 bps. Dell 14%, +180 bps. Acer (ACEIY) 8.2%, -10 bps. Asus (ASUTY) 6.2%, +30 bps. Everyone else 33.6%, -690 bps.
- HPQ +0.6% AH. Other names with strong PC exposure: AMD, NVDA, MU, STX, WDC, HTCH.
Dec. 30, 2013, 4:25 PM
- In a continuation of the tumult that has characterized the company's management structure, Acer's (ASIYF) head of commercial business global operations, CTO, and GM of China's smartphone ops resigned earlier this month to pursue "other career plans."
- The company does not intend to fill the latter 2 vacancies.
Dec. 23, 2013, 3:03 PM
Nov. 5, 2013, 8:57 AM
- Acer (ASIYF) CEO J.T. Wang will resign, to be replaced by president Jim Wong, as part of a corporate restructuring in the face of ballooning losses. Wong will take over at the start of next year.
- Acer will cut its workforce by 7% as part of the restructuring with the aim of saving $100M annually. The company will take a one-time $150M charge due to the lay offs.
Aug. 30, 2013, 10:13 AM
- Phablets overtook both tablets and portable PCs in the Asian market during Q2, according to IDC. 25.2M smartphones with 5"-7" screens were shipped during the quarter, compared to 12.6M tablets and 12.7M portable PCs. The rise in popularity of the phablet is breath-taking: shipments grew 100% Q/Q and 620% Y/Y.
- Phablet pioneer Samsung (SSNLF.PK) has lost its gargantuan grasp of the market. The Galaxy Note model held 90% of the market in Q4 2011. But the Note series accounted for less than 50% in Q2, as "low-cost local players ... have swooped in to offer big screens."
- Acer (ASIYF.PK) entered the phablet market in June with the Liquid S1, which sports a 5.7" display, an Android OS, and a Mediatek quad-core 1.5 GHz processor. Nokia (NOK) plans to launch its own 6" phablet in Sept.
- Although Asia is the front-runner in phablet adoption, Barclays sees global shipments climbing from 143M this year to 228M by 2015.
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