NEW YORK, NY--(Marketwire -04/13/12)- The Personal-Computer market showed some unexpected growth in the first quarter. According to a report by research firm Gartner Inc. PC shipments climbed nearly 2 percent to 89 million units; analysts had predicted a 1.2 percent drop. The Paragon Report examines investing opportunities in the Personal Computer Industry and provides equity research on Apple Inc. (NASDAQ: AAPL - News) and Lenovo Group Limited (Pinksheets: LNVGY.PK - News).
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Loren Loverde, program V.P. of IDC's Worldwide PC Tracker Program, stated, "History has shown that periods of slower growth are followed by recovery as improving technologies make replacements as well as new purchases increasingly compelling. As a result, we expect PC shipments to pick up significantly by the fourth quarter and beyond as HDD supply and pricing are normalized, Windows 8 is launched, and replacements pick up."
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Apple Inc. recently announced plans to initiate a dividend and share repurchase program commencing later this year. Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012. Additionally, the Company's Board of Directors has authorized a $10 billion share repurchase program commencing in the Company's fiscal 2013, which begins on September 30, 2012.
Lenovo Group reported results for its third fiscal quarter ended December 31, 2011, highlighted by record highs in quarterly sales, pre-tax income and market share, and the 11th quarter in a row that Lenovo has grown faster than the industry as a whole. For the ninth quarter in a row, the Company grew faster than any of the top four PC manufacturers, a result of Lenovo's continued focus on balanced growth across all geographies, customer segments and product lines.
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