HP, the world’s largest computer maker, has reached 1.01 billion sales of its desktop computer, which was announced in June.
The new milestone means the company is now selling a computer for each dollar that the average American buys in a year.
“HP’s goal is to be one of the largest PC manufacturers in the world by 2020,” said David Levy, chief executive officer of HP.
The company says that it will have sales of 1.06 billion PCs by 2021.
The milestone comes at a time when consumer electronics sales are falling and the company’s business is slowing.
HP, founded in 1954, is best known for its line of home appliances, computer and printer products.
It also has a growing portfolio of enterprise and consumer software products.
HP’s revenue reached $3.6 billion last year, and the stock has risen more than 40% since then.
The PC market has been a relative newcomer to HP’s portfolio.
HP has been buying up smaller businesses and resellers as it tries to catch up with the smartphone and tablet market.
HP is a key player in the market for server PCs, but it’s not the only company that is trying to disrupt the PC market.
Lenovo, which is also a key partner, said in October that it was buying IBM and selling its servers.
Lenovo is now the biggest PC maker by market value.
But Dell, which bought the company in 2007 for $4.5 billion, has struggled with the PC boom.
Its PC sales dropped 25% last year.
Dell’s revenue dropped 30% last quarter.
HP shares rose more than 1% to $59.10 on Tuesday.