THE PRINT PREVIEW OF NEW BUSINESS FONTS

It was not exactly a great year for desktop and laptop businesses. Notebooks declined by 40.8 per cent YoY, the consumer segment dipped by 36.1 per cent YoY and the commercial segment declined by 25.1 per cent YoY (As per IDC).

- Pratima H

RANK 14 HP INDIA

KETAN PATEL

Managing Director, HP India Market

(Ketan has been elevated to a global role. Gurpreet Brar is Interim Managing Director)

A muted and delayed procurement scenario by enterprises and SMEs also led to the decline in the commercial segment. Shipments in the India PC went down as much as 35 per cent year-over-year in Q1 2023 to 3.9 million units, notebook shipments saw a nosedive of 41 per cent, desktop shipments slipped by seven per cent and tablet shipments went down by 37 per cent (As per Canalys).

HP, however, led the landscape with a dominant share (estimated anywhere in between 25 to 30 per cent range by various estimates). In PC (including tablets) shipments, it grew its market share from 23.9 per cent in the corresponding quarter last year to 25.6 per cent in Jan-March 2023. But Lenovo and Dell were not far behind too: with about 15 per cent and 12 per cent share respectively.

Enrique Lores, HP President and CEO.

"WE ARE WELL-POSITIONED TO WIN IN OUR MARKETS AND DRIVE LONG-TERM SUSTAINABLE GROWTH AS WE MAKE CONTINUED PROGRESS AGAINST OUR FUTURE READY PLAN. OUR DISCIPLINED EXECUTION AND STRONG INNOVATION IN A TOUGH MACRO ENVIRONMENT ALLOWED US TO DELIVER NON-GAAP EPS AT THE HIGH-END OF OUR TARGET IN Q2."

WHAT'S SLOW?

The slowdown came majorly due to piled-up inventory, and a slump in consumer and commercial shipments, a dip in demand on short-term horizon and market saturation. The Indian traditional PC market continued the downward slope with a decline of 30.1 per cent YoY in the first quarter of 2023 (January-March).