IDC confirms Dell overtakes HP in U.S. PC market share

Market data firm International Data Corp. confirmed late Monday that Dell overtook HP Inc. as the market-share leader in the dwindling U.S. PC market, while Lenovo managed to hold onto its lead worldwide. IDC said that worldwide PC shipments for the first quarter declined 11.5% to 60.6 million units from a year ago, and by 5.8% to 13.6 million units in the U.S. Worldwide, Lenovo held onto the lead with 20.1% market share, followed by HP (19.2%) and Dell (14.9%). In the U.S., Dell overtook HP as the market-share leader, 25.6% vs 25.3%, while Lenovo held 14.1% of market share. Earlier, Gartner had reported similar figures with Dell overtaking HP in the U.S.

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Marathon plans $950 million asset sale

Marathon Oil Corp. said Monday it plans to sell $950 million worth of assets, vowing to focus on lower-risk U.S. resources to protect its balance sheet amid falling oil prices. The company has sold a total of $1.3 billion in assets since August, going beyond its target of selling $750 million to $1 billion in assets. The largest transaction announced Monday is the selling of all of its Wyoming exploration and transportation and storage assets for $870 million, Marathon said. Shares of Marathon rose 2% in late trading Monday after ending the regular session down 0.9%.

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Dell surpasses HP as No. 1 PC brand in U.S.

Dell surpassed HP Inc. to become the No. 1 vendor for PCs in the U.S. market during the first quarter, but the industry continues to bleed sales, according to new data from Gartner. Worldwide PC shipments fell 9.6% year-over-year during the first quarter, marking the sixth straight quarter of PC shipment declines, and the first time since 2007 that shipment volume fell below 65 million units. Lenovo maintained the No. 1 position in worldwide PC shipments, while Apple Inc. was No. 5, behind Asus.

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From:: Stock Market News