5 Companies That Had A Rough Week

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Lenovo's PC Sales Decline And Its U.S. PC Market Share Slips In Q4

Lenovo's PC shipments in the U.S. fell a whopping 23.6 percent year over year in the fourth quarter of 2017, according to a report issued this week by market researcher Gartner. The company, which is No. 4 in the U.S. behind HP Inc., Dell and Apple, shipped 1.79 million PCs during the quarter compared with 2.34 million PCs one year earlier.

The result: Lenovo's share of the U.S. PC market fell 2.4 points year over year to 11.8 percent in the fourth quarter, according to the Gartner report.

Globally, where Lenovo is a close No. 2 behind HP, Lenovo's unit shipments declined 0.7 percent to 15.74 million units from 15.86 million units one year before. But with global PC shipments down 2 percent across the industry, Lenovo's results were good enough for it to gain 0.3 percent market share of the global PC market to 22 percent.

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