Worldwide PC shipments declined 2.4% to reach 62.2 million units in the first quarter of 2017 as compared to Q12016, according to a report by Gartner. Lenovo led the market with 19.9% share of worldwide shipments, followed by HP at 19.5% and Dell at 15%.
This is also the first time since 2007 that the PC shipments reached below 63 million units in a quarter.
HP has showed the strongest growth among the top six vendors showing an increase of 6.5% in the first quarter of 2017.
"While the consumer market will continue to shrink, maintaining a strong position in the business market will be critical to keep sustainable growth in the PC market. Winners in the business segment will ultimately be the survivors in this shrinking market," said Mikako Kitagawa, principal analyst at Gartner.
"The top three vendors — Lenovo, HP and Dell — will battle for the large-enterprise segment. The market has extremely limited opportunities for vendors below the top three, with the exception of Apple, which has a solid customer base in specific verticals," added Kitagawa.
The declining shipments are a result of the declining consumer demand as they refrained from replacing older PCs, and some consumers have abandoned the PC market altogether.