Apple Inc. (AAPL), Hewlett-Packard Company (HPQ): Personal Computers Are Now Dead, Who To Invest In?

Gaining share?

Interestingly, Lenovo Group was the one computer maker that bucked the trend in the U.S. market. It has been making a fairly aggressive push here, so that isn’t surprising. Unfortunately, Asian markets were weak, leaving the company’s shipments effectively flat. However, as the company gains market share, it becomes a stronger competitor overall.

Revenues have been on a pretty steady upward climb, with the exception of a drop in 2009, so the company has done a great job navigating a changing market. More aggressive investors willing to back a foreign insurgent should take a look.

Getting out?

Hewlett-Packard Company (NYSE:HPQ) is also getting hit right now. That said, the company’s PC and printer businesses are the cash cows supporting the effort to move beyond making physical devices. It’s been a tough road for the company as it looks to follow International Business Machines Corp. (NYSE: IBM) into the services and software space, but new management appears to have the company heading in the right direction.

A series of tough “house cleaning” moves, such as writing off acquisition values and selling non-core assets, are actually healthy signs of improvement. The CEO has noted that there is still more to be done, but that just means there’s still more upside potential. The sell off on the PC news is a buying opportunity for those looking to find the next International Business Machines Corp. (NYSE: IBM).

Not dead yet

The PC isn’t dead yet. There are changes taking place in the industry, but some companies are going to survive and prosper. The three companies above look particularly well positioned for the future.

The article The PC Is Dead: Buy PC Makers originally appeared on Fool.com and is written by Reuben Brewer.

Reuben BrewerCopyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.