It is on course to surpass Dell is sales by year's end, becoming the second largest PC vendor in the world behind HP, which currently claims 18.1 percent of the global PC market. Lenovo has just jumped above Acer Inc. to claim the third spot in the world, with a 12.2 percent share of the market.
It now has its eye on Dell, which is just ahead with a 12.9 percent share of the PC market. For seven straight quarters, Lenovo has been the fastest growing major PC maker, and it shipped more than 10 million units worldwide during Q1.
"Lenovo has tremendous momentum in the market. We continue to not only outgrow the market, but also significantly outpace our competitors. With our own rapid growth, combined with the successful execution of our joint venture in Japan with NEC and our acquisition of Medion in Germany, we fully expect to be number 2 in worldwide PCs this year," said Lenovo CEO Yuanqing Yang.
"PCs continue to be a very strong core business for us. Even as we invest in new areas like tablets and mobile internet, we see great opportunity in PCs around the world. We are committed to the PC space for the long term and expect it to continue to fuel profitable, balanced global growth for Lenovo."
Details of Lenovo's Momentum
- Roughly doubled net profit YTY in Q1 ($108m)
- Fastest growing of top 5: 7 straight quarters (8X market in Q1)
- Outgrowing market: 9 straight quarters; Grew 8X market (23.1% to 2.7%)
- Record units in Q1 of over 10 million
- #3 WW share in PCs; Record share of 12.2%; Record share in both Mature and Emerging
- Number 1 in global relationship NB (Large enterprise/public sector)
- Number 2 in global commercial NB
- Number 1 in China and growing: Extended lead vs. competitors as China overtook U.S. for 1st time as world's largest PC market.
- Number 1 in global Emerging markets: Grew 3x market rate (46.5% v. 14.7% to record 16.6%).
- Number 2 in WW all-in-one PCs
Written by: James Delahunty @ 9 Sep 2011 19:15
