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Does Hewlett-Packard PC Success Hurt Apple

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Hewlett-Packard (HPQ) had a break-out quarter in its PC business. And Apple (AAPL) is hoping to take PC market share with it iMac line. The increase in AAPL computer sales is seen as critical to the company’s future.

Sales in the HPQ personal systems group (PCs) rose from $6.9 billion in the quarter a year ago to almost $9 billion. Operating income in the group more than doubled from $275 million to $519 million. It does not look like HPQ is doing much discounting to sell its PCs.

Revenue in HPQ’s critical notebook division rose from $2.8 billion to almost $4.3 billion. Demand for notebooks has been much greater that for desktops at all of the PC companies and AAPL.

DELL has not reported yet, but with HPQ’s strength in PC sales in the last quarter, it is looking tougher for AAPL to sharply increase its market shares above the 5% where it sits now.

AAPL may be making great strides in marketing Macs, but the next move up the mountain could come at a high price.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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