Lenovo has surpassed HP as the number one maker of PCs. HP lost the top spot after maintaining the position for six years. Lenovo grabbed the lead by consistenly growing shipments 10 percent year over year. HP's PC shipments, on the other hand, declined by 16 percent.
Worldwide, PC shipments totaled 87.5 million units in Q3, a decline of 8.3 percent year over year. Lenovo jumped into the limelight in 2005 when it bought IBM's PC business. It has held the no.2 slot behind HP for a number of years even if it doesn't share as wide a presence in the consumer space. Lenovo is famed for its focus on enterprise as well as its build-to-order business.