Lenovo surpassed HP in terms of market share last quarter, according to IDC and Gartner

Lenovo Group Ltd.

LNVGY, -2.55%

Research companies said Wednesday that the reports of IDC and Gartner on PC shipments in September were in first place. Lenovo recovered first place from HP Inc.

HPQ, -2.84%

according to IDC figures, accounting for 24% of the market, compared with 22.8% for HP. Dell Inc., Acer and Apple Inc.

AAPL, -4.63%

completed the top five. In a statement, IDC said the companies appeared "able to meet a sizeable share of their demand" despite concerns raised by Intel Corp.

INTC, -3.76%

processor shortages. According to Gartner figures, Lenovo has also surpassed HP. The company held 23.6% of the market, compared to 21.8% for HP, according to Gartner. Matthew Zielinski, Lenovo's North American leader, told MarketWatch on Tuesday that the recent improvement in its shares reflected Lenovo's balanced strategy. HP shares are down 0.3% after trading hours on Wednesday. They have risen 18% in the last 12 months, up from 9.2% for the S & P 500

SPX, -3.29%

Have the latest news sent to your inbox. Subscribe to free e-mails from the MarketWatch newsletter. Register here.