From Nasdaq: 2025-05-19 12:26:00

Global PC shipment is expected to grow by 2.1% in 2025, with Apple and HP leading the market. IDC projects a CAGR of 0.4% between 2025 and 2029, reaching 422.6 million units. Gartner forecasts AI PCs to hit 114 million units in 2025, a significant increase from 2024.

Apple’s strong Mac lineup has increased its market share to 8.7% in 2025, with shipments growing by 14.1% year over year. HP, on the other hand, faces risks from the U.S.-China tariff war due to its manufacturing reliance on China. HPQ had a market share of 20.2% in the first quarter of 2025.

Earnings estimates for both Apple and HP have seen revisions, with HPQ’s fiscal 2026 earnings expected to be $3.39 per share, down 1.7% over the past 30 days. Apple’s fiscal 2025 earnings estimate has declined by 0.8% to $7.12 per share in the same period.

In terms of stock performance, Apple has seen a 17.1% decline year to date, while HP shares have dropped 11.2%. HP shares are considered cheaper compared to Apple, with HPQ trading at a lower Price/Sales ratio of 0.51X.

Apple’s strong Mac portfolio and HP’s outlook for AI-enabled PCs present contrasting investment opportunities. Apple has a Zacks Rank #3 (Hold) compared to HP’s Zacks Rank #5 (Strong Sell). Investors can explore Zacks’ top 7 stock picks for potential early price pops.



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