Lenovo's gain is Hewlett-Packard's loss. After seven years as the worldwide No. 1 PC manufacturer, HP has fallen to No. 2 behind Lenovo, according to second-quarter unit shipment numbers released this week by market researcher IDC.
Lenovo shipped 12.6 million PCs in the quarter, according to IDC, compared to HP's 12.4 million units. Dell, Acer and Asus round out the list of the top five PC vendors.
But the overall news is bad for all PC makers, given that IDC said the worldwide PC market as a whole declined 11.4 percent in the second quarter and every vendor reported sales declines.