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HP, Dell Challenge Lenovo's Worldwide Dominance In The Incredible, Shrinking PC Market

The global PC market fell to its lowest level in 10 years, driven by weak demand and price increases to memory and SSD shortages. Here are five takeaways from the shrinking PC market.

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Reaching A 10-Year Low

The PC market receded to its lowest level in a decade in the first quarter, shutting out smaller vendors and pitting the industry's largest players – Dell, HP Inc. and Lenovo – against one other in an all-out battle for supremacy in the commercial sector.

The global PC market contracted again in the first quarter as shipments declined 2.4 percent year-over-year to 62.2 million units, according to research firm Gartner Inc. This is the first time the global PC market has seen shipments of less than 63 million units since 2007. The decline was driven by weak demand, as well as price increases in response to memory and SSD shortages.

Gartner expects the consumer PC market to continue to shrink, which means it will be critical for vendors to grow in the commercial PC market. Business customers are the key to growth, and ultimately, survival, Gartner said.

Here are five keys to the Q1 PC market.

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