PC demand driven by the epidemic, Dell and HP both exceeded expectations

Dell and Hewlett Packard both reported better than expected quarterly results on Thursday, as demand for personal computers was strong among students and employees at home or at work during the new coronavirus pandemic. Dell reported revenue growth of 18% in its consumer equipment division to $3.2 billion in the second quarter ended July 31, according to Dell. HP said PC shipments in the third quarter ended July 31 reached a record 18 million units. “We see strong demand from government and education sectors, with orders up 16% and 24% respectively, as parents, teachers and school districts are preparing for a new frontier in virtual learning,” said Jeff Clark, chief operating officer of Dell Enrique Rawls, HP’s chief executive, said the company’s laptops became a necessity during the outbreak. Now, “not every family has a PC, but everyone has to have a PC,” he said The epidemic has forced millions of people to stay at home, giving the PC industry an unexpected boost. Data released by IDC last month showed that after several years of stagnation, global traditional PC shipments in the second quarter of this year reached 72.3 million units, up 11.2% year-on-year. Dell said its adjusted second quarter earnings per share were $1.92, far ahead of market expectations, with revenue of $22.7 billion, better than market expectations. Counterpoint announced top 5 best selling models: domestic iPhone 11 tops the list

Author: zmhuaxia