For the first time ever, Apple has surpassed HP in both computer unit sales and revenue, making it the largest computer manufacturer in the world. In its quarter ended December 31, 2011, the company managed to sell 15.4 million iPads while HP sold 14.7 million PCs. The closest competitors, Lenovo and Dell, sold 12.9 million and 11.6 million units respectively.
Sales of the iPad grew 111-percent when compared to the year-earlier quarter, with 15.43 million iPads sold for the company's fiscal 2012 first quarter versus 7.33 million iPads sold in the first quarter of 2011. "We think that Apple is going to have the biggest product cycle in their history this year," said analyst Peter Misek of Jefferies & Co.
The Northern California-based company has said it will continue to "innovate like crazy" on the iPad, which is expected to continue threatening PC sales and is expected to continue dominating the long-drawn out "mimicry war" that other tablet vendors have been playing with Apple for nearly the past 45 months since the iPad launched in April 2010.