more signs of the new revolution in personal computing

Apple reported their Q4 2010 results last night, and the numbers offer an instructive view of the new revolution in personal computing. Quarterly revenue of $20.34B, and operating profit of $4.31B. From the AAPL 8-K filing, the revenue by product line looks like this (units are $M):


At $4.87B, Apple’s traditional personal computer segment of desktops and notebooks (‘portables’) continues to grow, but today represents just 24% of total revenue. New personal computing, represented by the iPhone, iPod and iPad ecosystems, is now 70% of the business. Year over year, Apple’s traditional PC business grew 22%, and new personal computing grew 99.3% for a combined growth number of 67%.

Compare these results to the most recent quarter for HP’s Personal Systems Group, the world’s leading PC company:


In HP’s Q3 (May-July), notebooks, desktops and workstations represented 98% of the $9.9B business segment, and total operating profit was $469M. Year over year growth was 17%. To be fair, HP’s Q3 is a seasonally weak quarter and the 4th quarter will likely show a jump in revenue; also, results from the Palm acquisition will show up in Q4. HP will report in mid-November and we’ll revisit the comparison at that point.

Until then, at double the revenue, 4x growth, and 9x profitability, the new revolution in personal computing appears to be going rather well.


Comments are closed.