Tech Hardware Hardware

Gartner counted 270 million traditional PCs sold into the channel in 2025. HP Inc. and Dell are the two S&P 500 PC makers covered here. Apple also appears on other Sterling pages. Lenovo still leads the market and is not covered here.

The PC division (Client Solutions Group) was $48.4B in FY2025. The server and storage division (Infrastructure Solutions Group) was $43.6B. Servers and storage also appear on Data Centers. Dell does not publish PC unit volumes in the 10-K.

Commercial PCs were $40.8B in FY2025. Consumer PCs fell to $7.5B from $12.7B in FY2023. The refresh is in offices and schools, not retail.

PCs (Personal Systems) grew to $38.5B in FY2025. Printing fell to $16.7B. Ink and toner still fund most of the print profit. Sales are drifting toward computers and away from supplies.

Commercial PCs were $27.4B in FY2025. Consumer PCs were $11.1B. Commercial grew. Consumer was roughly flat. These are sales dollars from the filing, not unit counts.

Supplies were $10.9B of the $16.7B Printing total in FY2025. Commercial printers and consumer printers keep shrinking. Toner still pays the bills.

FY2025 product sales were $307B. iPhone is still more than half of the company. Mac and iPad are the computer-like slices. Services is $109B. Apple is on this page as a device maker, not because of Services.

Mac grew to $33.7B. iPhone grew. Wearables, Home and Accessories fell to $35.7B. Services is off this chart because it is not a hardware category.

Fitness led FY2025 at $2.36B, up 33 percent. Outdoor, Marine, and Aviation are large enough to matter. Auto, sold to carmakers, is the smallest slice and still lost money.