Focussed on growing share in premium notebook segment: HP

The Hewlett-Packard (HP) logo
Technology major HP on Wednesday said it is focussing on expanding its share in the premium notebook segment in India that is growing at a faster pace than the overall laptop market.

HP has a 36% share in the premium market as per research firm IDC.

"We are focussed on growing our share in the premium category. That market (premium) in the consumer segment is growing 5% faster than the total notebook market," HP India Director Personal Systems Business Ketan Patel told Press Trust of India.

He added the above $800 notebooks (about Rs 54,000 onwards) comprise about 15% of the total Indian notebook market.

Patel, however, did not comment on the targetted market share.

The company, which has launched 'Spectre 13' touted as the world's thinnest laptop, plans to introduce more devices in the premium category in the coming months.

The Spectre 13, priced at about Rs 1.2 lakh, weighs 1.1 kg. It is powered by Intel Core i5 and i7 processors, 8GB RAM and hyperbaric cooling technology that keeps the laptop cool and provides peak performance. The 13.3-inch HP Spectre will be available in India from July 25.

"HP as India's technology leader aims to make life better, productive and more fun. The Spectre 13 is a beautifully crafted notebook and a reflection of what many millennials aspire to be," he added.

The overall PC market in India has declined 7.8% to 1.99 million units in January-March from 2.16 million units in the same period last year as per IDC. Impacted by consumer market softening to an all-time low, shipments fell 20.8% sequentially too from 2.52 million units in the October-December 2015 period.

HP was the leader with market share of 25.1% in the PC market, followed by Dell (23.6%), Lenovo (19.7%) and Acer (11.8 %) in the reported quarter.

However, for the year ahead, the industry is up for a period of stability after a volatile 2015 and early 2016 as seasonality factors and various macro-economic indicators look positive.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel